CryptocurrencyBitmineUpdated a month ago

Bitmine Targets December for 5% Ethereum Ownership Amid Purchase Slowdown

Bitmine Immersion Technologies has announced a slowdown in its Ethereum (ETH) purchases as it approaches its goal of owning 5% of the total supply, targeting completion by December. The firm recently acquired 101,745 ETH for $238 million, raising its total holdings to over 5 million ETH, approximately 4.3% of the total supply. This decision comes amid concerns about potential centralization and market stability as Bitmine nears its ownership target.

CryptocurrencyBitmine

Updated a month ago

Bitmine Targets December for 5% Ethereum Ownership Amid Purchase Slowdown

Related Articles (4)

Cointelegrapha month ago

Bitmine slows Ethereum buys, targets December to own 5% of supply

PositiveCryptocurrency

Bitmine has announced a slowdown in its Ethereum purchases as it approaches its goal of owning 5% of the total Ethereum supply, targeting completion by December. This decision follows a significant acquisition of 101,745 ETH for $238 million, which has raised its total holdings to over 5 million ETH, approximately 4.3% of the total supply.

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via Cointelegraph

Crypto Newsa month ago

Tom Lee slows Bitmine ETH accumulation

NeutralCryptocurrency

Tom Lee has announced a slowdown in Bitmine Immersion Technologies' Ethereum (ETH) purchases after the firm accumulated over 5.2 million tokens, representing approximately 4.3% of Ethereum's total supply. Last week, Bitmine acquired 26,659 ETH valued at around $63 million, a significant decrease from previous weeks where purchases exceeded 100,000 tokens.

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via Crypto News

Crypto Briefinga month ago

Bitmine slows ETH accumulation, declares ‘crypto spring’ as Tom Lee cites bullish drivers

NegativeCryptocurrency

Bitmine has announced a slowdown in its Ethereum (ETH) accumulation strategy, as it approaches its goal of controlling 5% of the total Ethereum supply. This decision follows a significant acquisition of over 5.2 million ETH, raising concerns about the potential centralization of the Ethereum network and the associated risks to market stability.

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via Crypto Briefing

CoinDeska month ago

Tom Lee's Bitmine slows down ether purchases after already buying 1 million tokens this year

NegativeCryptocurrency

Tom Lee's Bitmine has significantly reduced its ether purchases, acquiring only 26,000 tokens last week, a stark decline from the previous average of 100,000 tokens per week. This slowdown follows a substantial accumulation of over 5.2 million ether earlier this year, representing about 4.3% of the total supply.

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via CoinDesk