Bitmine has hit 97% of its Ethereum target following its latest purchase, leaving the company just 3% away from the goal it set.
The purchase is the most recent in a string of buys that have been building toward that number. It's not the first, and it won't be the last if the company intends to finish the job.
Three percent left
The remaining 3% is the focus now. Bitmine hasn't said when it will make the final purchase, and it hasn't indicated whether that last buy will come in one large chunk or a few smaller ones. Either way, the target is nearly complete.
That small slice can sometimes take longer than the rest, but the company has gotten this far without stumbling.
What the milestone shows
Hitting 97% tells investors the buying strategy is holding up. Bitmine set out a target and has been steadily moving toward it. The execution has been consistent, and the finish line is now in plain view.
What's not clear is whether the company plans to stop exactly at the target or push beyond it. That decision hasn't been announced.
The next step
The next purchase will close the gap. When it does, Bitmine will have its 100%. Until then, the 97% mark is the number to watch.
