Tom Lee insists ‘crypto bull market is underway’ as Bitmine adds 10,452 ETH
5 outlets · first seen 1d ago · latest 17h ago
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The Blockfirst seen
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.
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Bitcoin News
Ether Giant Bitmine Bets Big on Itself With $400M in Share Repurchases
Bitmine is closing in on an extraordinary milestone, controlling nearly 5% of all ether while spending almost $400 million so far this year buying back its own shares. The company’s expanding crypto empire now holds $15 billion in assets after just 15 months. Bitmine’s Ethereum Treasury Closes In on 5% Milestone Bitmine Immersion Technologies […]
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Decrypt
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 treasury company has run.
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CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Tom Lee's Bitmine favors share buybacks to ether purchases as crypto declines
The Ethereum treasury firm spent $46 million buying back shares as Chairman Tom Lee said crypto has held up better than AI stocks during the recent market pullback.
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The Daily Hodl
Tom Lee’s Bitmine Turns to Share Buybacks Amid Crypto Dip
A major Ethereum (ETH) treasury company is opting to repurchase its own shares rather than accelerate digital asset buys during a recent crypto market pullback. Bitmine Immersion Technologies (BMNR) says it acquired 2.04 million shares last week at an average price of $22.48, totaling about $45.9 million. This move follows a roughly 10-week pause and forms part of a larger…