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.
As Bitmine slows down its ether purchases, there may be a temporary decrease in buying pressure on ETH, potentially leading to a price pullback. However, the shift towards staking and share buybacks could support long-term price stability.
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.
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