The post TomLee’s BitMine to Stop Buying ETH After Reaching 5% Holdings Cap appeared first on Coinpedia Fintech News
BitMine Immersion Technologies is preparing to stop buying Ethereum after reaching a hard cap of 5% of ETH’s total supply. The company currently holds more than 6 million ETH and needs about 88,586 more tokens to reach the target. Following the news, Ethereum fell nearly 5% as BitMine shifted its strategy from buying more ETH …