Bitmine to slow down ether purchases as it nears accumulation goal, Tom Lee says

Burns Brief

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 Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $ETH $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.