BitMine Immersion Technologies (BMNR) Hits an Ethereum Turning Point as Tom Lee Signals Slower Buying
BitMine Immersion Technologies may slow its weekly ether purchases as it nears a target to own 5% of ETH supply, Chairman Tom Lee said Friday. The company held 5.18 million ETH as of May 4, equal to 4.29% of supply, and shares last traded at $22.17. Lee told a Miami conference the firm had been buying over 100,000 ETH a week but could shift focus as it approaches its goal.