BitMine Immersion Technologies will not hold more than 5% of Ether's supply, according to the company's chairman, Tom Lee. Cointelegraph reported the statement on Oct 7, 2026. BitMine had already set 5% of supply as its accumulation target. With this statement, that number is now also the most it will hold.
Cointelegraph's headline says BitMine is getting close to that target. The report does not say how much Ether BitMine holds today, how far it is from 5%, or when it expects to get there. It also does not say what BitMine plans to do once it reaches the cap.
What is known is narrow: one company has set a public upper limit on how much of one cryptocurrency it will own. What is not known from this report is any timeline, any exact holding figure, or any plan for after the cap is reached.
For someone already holding an ETH perpetual on Bitget, Bybit, MEXC or OKX, nothing changes directly. Funding rates, trading fees and order-book liquidity are set on those exchanges, and the report mentions no exchange, no derivatives and no change to any of them. There is no direct effect to measure here.
Source: cointelegraph — Bitmine sets 5% Ether supply ‘hard cap’ as accumulation target nears
Price today: Ethereum