On October 7, CoinDesk analyst Krisztian Sandor reported that Tom Lee, chairman of the Ethereum treasury company BitMine, stated at the TOKEN2049 conference in Singapore that the company will stop buying ETH once its holdings reach 5% of the circulating supply. Currently, it is about 100,000 ETH away from this target. The company recently disclosed holdings of 6,016,414 ETH, which accounts for approximately 4.9% of the circulating supply, valued at about $15.5 billion based on Wednesday's prices. Last week, BitMine increased its ETH holdings by about $41 million, and if this pace continues, it is expected to reach the 5% target in six to seven weeks. The company also holds $643 million in cash and tradable securities, more than double the funds needed to complete the remaining purchases. Lee mentioned that the accumulation target, originally expected to take five years, is nearing completion in just over a year. Since launching this strategy in June 2025, BitMine has made weekly purchases, providing continuous demand in the market. According to DropsTab data, the company's ETH holdings are currently facing an unrealized loss of about $4.5 billion. ETH dropped approximately 5% in a 24-hour period on Wednesday, marking its lowest point since September 20.