Bitmine Chairman Tom Lee stated that Bitmine holds approximately 6 million ETH, representing 4.9% of the total supply. This is about 100,000 ETH short of the 5% limit, at which point purchases will cease. Bitmine made large purchases when the ETH price was around $1500. On October 19th, Bitmine increased its ETH holdings by 12,535 ETH, bringing its total holdings to 6,041,481 ETH, worth nearly $14.5 billion. Two days later, Bitmine pledged 159,728 ETH, meaning approximately 86.5% of its treasury assets were used for staking. (Source: Bitcoin.com News)
