BitMine Says Its Ethereum Buying Will Stop at a 5% Hard Cap

By Isaac • October 7, 2026 3:53 pm •

BitMine’s long Ethereum buying campaign now has a firm finish line.

Chairman Tom Lee said the company will stop accumulating ETH once its treasury reaches 5% of Ethereum’s total supply. BitMine is already near 4.9%, leaving roughly 100,000 ETH to buy before the self-imposed ceiling is reached.

That turns the company’s “Alchemy of 5%” slogan from an accumulation target into an actual limit. The distinction matters because BitMine has become one of the most consistent large buyers in the Ethereum market.

Decrypt reports that Lee made the commitment during a Token2049 appearance in Singapore. His message was direct: 5% is a hard cap, not a milestone the company plans to blow through later.

Lee said BitMine