Bitmine nears its Ethereum buying limit – Now it needs demand to make the bet pay off

Bitmine plans to slow its Ethereum purchases as its holdings approach 5% of the cryptocurrency’s supply, ending a year of rapid accumulation that made the company the network’s largest corporate token holder. In his July Chairman message, Thomas Lee said Bitmine has amassed 5.7 million ETH, equal to about 4.8% of supply, but will approach […] The post Bitmine nears its Ethereum buying limit – Now it needs demand to make the bet pay off appeared first on CryptoSlate.