BitMine Is About to Stop Buying Ethereum: What Happens to ETH Price Then?
BitMine Immersion Technologies, the most important firm holder of Ethereum (ETH), will cease shopping for as soon as it owns 5% of all ETH. Chairman Tom Lee instructed the Token2049 convention in Singapore on Wednesday the agency is about 100,000 ETH away.
BitMine started shopping for on June 30, 2025, with ETH close to $2,500. After 15 months and 6 million tokens, ETH trades at $2,581.
How Close Is BitMine to the 5% Mark?
BitMine reported 6,016,414 ETH as of October 4, about 4.9% of provide. The remaining 89,000 ETH would price about $230 million on the current ETH price.
“We solely want to get one other 100,000 ETH to get to 5%,” Lee said on the Token2049 in Singapore.
Lee stated ending purchases additionally means BitMine not wants to elevate cash to fund them. BeInCrypto reported in June that Lee had signaled the aggressive buying was ending.
How Much Did BitMine Move the ETH Price?
In August 2025, BitMine added about 1.1 million ETH, greater than every other treasury firm that month, in accordance to VanEck. ETH gained 15.8% that month and peaked close to $4,953.
VanEck said the stablecoin story and treasury-company shopping for drove that month’s $4 billion in Ethereum fund inflows.
In 2026, BitMine saved shopping for each week. ETH nonetheless fell under $2,000 by June, down 44% for the 12 months on the time.
By then, BitMine’s 5.41 million ETH sat about $9 billion under what it paid.
Recent fund flows run the opposite method. US spot Ethereum exchange-traded funds (ETFs) misplaced about $408 million in six days, per SoSoValue knowledge. That equals roughly 152,000 ETH, 10 instances BitMine’s final weekly purchase of 15,112.
BitMine’s personal inventory has already beaten ETH this year. Its 5.07 million staked ETH will nonetheless earn about $363 million a 12 months. The subsequent weekly holdings replace ought to present how briskly the ultimate purchases arrive.
The publish BitMine Is About to Stop Buying Ethereum: What Happens to ETH Price Then? appeared first on BeInCrypto.
