Tom Lee Says Bitmine Will 'Stop' Buying ETH—BMNR Falls 6%
Bitmine (NYSE: BMNR ) fell 6% Wednesday after Chairman Tom Lee said the company will stop buying Ethereum (CRYPTO: ETH) once it hits a 5% supply target. Why Bitmine Is Setting a Hard Stop Lee said at Token2049 in Singapore Wednesday, cited by CoinDesk, that Bitmine needs only about 100,000 more ETH to reach 5% of the t