POPA ReconBitMine set a hard cap of 5% of ETH’s total supply and will stop accumulating at that level. Tom Lee said Vitalik suggested the cap; BitMine held 6,028,946 ETH as of October 12, about 4.9% of supply, leaving roughly 76,000 ETH to reach the approximately 6.105 million ETH target. Lee said accumulation was expected to take five years but took just over a year, entirely during a bear market. BitMine’s October 12 holdings update
BitMine set a hard cap of 5% of ETH’s total supply and will stop accumulating at that level. Tom Lee said Vitalik suggested the cap; BitMine held 6,028,946 ETH as of October 12, about 4.9% of supply, leaving roughly 76,000 ETH to reach the approximately 6.105 million ETH target. Lee said accumulation was expected to take five years but took just over a year, entirely during a bear market. BitMine’s October 12 holdings update
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