BitMine nears 5% ETH cap as Lee says it may sell staking rewards

Crypto Insight Summary: BitMine Immersion Technologies has bought Ethereum every single week since June 30, 2025, becoming the most dependable source of demand the token has. BitMine’s Chairman, Tom Lee, has announced that the long-running accumulation of ETH by the company will end once it holds 5% of the supply. Will BitMine stop buying Ethereum? BitMine’s Chairman, Tom... Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Potential end of consistent ETH buying by BitMine may reduce demand.