According to Decrypt, Tom Lee, chairman of Bitmine, said at the Token2049 conference in Singapore that Bitmine is nearing completion of its recent buying program. He estimated that the firm remains roughly 100,000 ETH away from reaching a five‑percent cap on its Ethereum holdings. Based on this distance, Lee suggested that the purchase spree—during which Bitmine became the world’s largest Ethereum treasury—will soon conclude in about six to seven weeks.
