Bitmine slows Ethereum buys, targets December to own 5% of supply
Tom Lee has also doubled down on the idea that the crypto spring has started and pointed to the Ether price rising in correlation with software stocks as further evidence....
Key takeaways
- 1Bitmine slowed weekly Ethereum purchases to 26,659 ETH from over 100,000, but still targets 5% supply ownership by end of 2026.
- 2Bitmine has staked 4.7 million Ether, removing 4.3% of total supply since June 2025, making ETH disinflationary.
- 3Tom Lee predicts crypto spring has started; ETH closing above $2,100 by May 2026 would mark third consecutive monthly gain, unprecedented in bear markets.
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Why it matters
Large institutional Ethereum accumulation and staking reduce circulating supply, potentially supporting prices during market downturns. For Indian retail investors, this signals growing institutional confidence in Ethereum fundamentals and possible price momentum if the market confirms the 'crypto spring' narrative.
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