Bitmine to slow down ether purchases as it nears accumulation goal, Tom Lee says

At the current pace of purchases, Lee said his Ethereum treasury giant would reach its 5% ether accumulation goal in six weeks, then shift its focus to staking and share buybacks.\nWhat to know : Tom Lee said Bitmine may slow its ETH purchases as it nears its 5% supply target. The firm has recently been acquiring about 100,000 ETH per week and could hit its 5% goal within six weeks. Lee's remarks come as Strategy, the largest corporate bitcoin holder, signaled it may sell bitcoin to meet dividend obligations.