Tom Lee's Bitmine Pauses ETH Buys, Redirects $86M to Stock Buyback

Bitmine, chaired by Tom Lee, has slowed its Ethereum purchases and announced an $86 million stock buyback programme. Lee stated the company has already repurchased 5.5 million common shares. The pivot signals a shift in priority from crypto accumulation to shareholder value.

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🪙 Crypto Bitmine Slowed Ether Buys, Spent $86 Million on Stock Buybacks Instead CoinDesk · 8d ago 🪙 Crypto Bitmine Acquires Nearly 10,000 ETH While Repurchasing 6.1 Million Shares The Block · 1d ago 🪙 Crypto Bitmine buys more ETH as Tom Lee cites rising ETH/BTC ratio as bullish crypto signal CoinDesk · 1d ago

More on this topic

🪙 Crypto Bitmine Slowed Ether Buys, Spent $86 Million on Stock Buybacks Instead CoinDesk · 8d ago 🪙 Crypto Bitmine Acquires Nearly 10,000 ETH While Repurchasing 6.1 Million Shares The Block · 1d ago 🪙 Crypto Bitmine buys more ETH as Tom Lee cites rising ETH/BTC ratio as bullish crypto signal CoinDesk · 1d ago