Tom Lee to Stop Stacking 이더리움 Upon Securing 5% of Supply
At the renowned 암호화폐 event, Token2049, Tom Lee, the chairman of Bit Mine Immersion Technologies, addressed the company's 이더리움 accumulation strategy.
At the event, Tom Lee publiclydeclaredthat the company will stop accumulating 이더리움 once its holdings reach 5% of 이더리움's total supply.
According to Tom Lee, 5% of 이더리움's total supply represents a hard cap for Bit Mine's holdings. Hence, this would mark the point where the company would hold back on its steady 이더리움 purchases.
With Bit Mine now holding over 6million ETH, which represents about 4. 9% of 이더리움's total supply, Tom Lee confirmed that it only needs to buy about 100, 000 ETH more to reach its target of the stated hard cap.
While the statement comes amid rising debates and controversies surrounding the company's business model, Tom Lee has seized the opportunity to end the dilution concerns surrounding its aggressive ETH treasury strategy.
With Tom Lee clearly noting that Bit Mine's aggressive 이더리움 accumulation strategy will soon come to an end, market participants are beginning to raise questions about what the company may be up to next.
Nonetheless, Tom Lee's statement has briefly eased concerns among investors who consider the steady 이더리움 accumulation strategy a source of potential dilution for BMNR shareholders.
With its 이더리움 commitment nearly off the plate, it has also sparked fresh concerns among market participants who are worried that the company may begin selling off its stash, positioning Ethereumfor further price declines.
출처: U.Today