Tom Lee's Bitmine favors share buybacks to ether purchases as crypto declines
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Tom Lee's Bitmine Keeps Buying Ethereum But Pivots to Record Share Buybacks
The firm added 10,452 ETH to reach 4.95% of supply, but its bigger move was repurchasing 2.04 million of its own shares—part of what it calls the largest equity buyback any crypto...
Tom Lee insists ‘crypto bull market is underway’ as Bitmine adds 10,452 ETH
The company's combined crypto, cash, marketable securities, and other investments totaled $15 billion as of Oct. 25.