BitMine Immersion Technologies Chairman Tom Lee stated at TOKEN2049 in Singapore that the company will cease accumulating Ethereum once its holdings reach 5% of the cryptocurrency's total supply. BitMine, currently the largest corporate holder of ETH, is close to this limit, needing approximately 88,586 ETH to reach the 5% threshold based on its latest disclosure. At its recent weekly purchase rate, this could take about 5.9 weeks. Lee emphasized the company would not pursue an open-ended accumulation campaign. BitMine held 6,016,414 ETH as of Oct. 4, representing about 4.9% of the 122.1 million ETH supply. The company also reported $643 million in cash and marketable securities, sufficient to cover the estimated $221 million cost for the remaining ETH. Once the 5% cap is reached, further growth in BitMine's ETH position would primarily come from staking rewards, with about 84% of its current holdings already staked.