TOM LEE SAYS BITMINE ($BMNR) MAY NOT EVEN NEED TO HIT 5% OF ETHEREUM ($ETH)
For months, the strategy was built around one goal: own 5% of all Ethereum. The so-called “Alchemy of 5%.”
Now, Tom Lee believes that target may not require as much buying as originally expected.
His reasoning is simple: Ethereum’s supply is shrinking. As the total pool of ETH gets smaller, BitMine’s existing holdings represent a larger share of the network over time.
In other words, the percentage ownership could increase even without purchasing another coin.
BitMine currently holds approximately 5.54 million ETH, or about 4.6% of Ethereum’s supply.
What are your thoughts on this?
