BUSINESSDECRYPT
Tom Lee's Bitmine Taps the Brakes on ETH Buys, Pivots $86M Into Stock Buyback
Bitmine Chairman Tom Lee announced the company has slowed Ethereum purchases and allocated $86 million to a stock buyback, repurchasing 5.5 million common shares.
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Adjacent reporting
- Tom Lee's Bitmine slowed ether purchases as it bought back $86 million in stock.
- BitMine Buys $49 Million in Ethereum as Tom Lee Hails Early Robinhood Chain Demand
- Bitmine expands Ethereum treasury to 5.78 million ETH, repurchases 5.5 million shares
- Bitmine says ETH staking generated $45.7 million, accounting for 98% of quarterly revenue
- Bitmine generated $46M from Ethereum staking last quarter
- Strategy (MSTR) Buys $43 Million More Bitcoin After Saylor Defends Potential BTC Sales