Bitmine Slows ETH Buys, Targets 5% Supply
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Bitmine, one of the largest Ethereum treasury companies, has decelerated its Ethereum purchases, now aiming to accumulate 5% of the total supply by December. This strategic shift suggests a more measured approach amid market volatility. Meanwhile, Tom Lee reiterates his view that the crypto spring has begun, citing Ether's rising correlation with software stocks as a bullish signal. Despite Bitmine's slower accumulation, the overall sentiment remains cautiously optimistic as institutional interest persists.
Read full article on CoinTelegraph
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