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Tom Lee's Bitmine slowed ether purchases as it bought back $86 million in stock

CoinDesk·July 20, 2026·1 min read
Tom Lee's Bitmine slowed ether purchases as it bought back $86 million in stock

Tom Lee's Bitmine slowed ether purchases while buying back $86 million in stock. The company added just 7,430 ETH, worth about $14 million, last week as it nears its goal to corner 5% of Ethereum's supply. The reduced buying pace reflects a shift toward share repurchases.

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