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Tom Lee's Bitmine Keeps Buying Ethereum But Pivots to Record Share Buybacks

Decrypt·October 26, 2026·1 min read
Tom Lee's Bitmine Keeps Buying Ethereum But Pivots to Record Share Buybacks

Tom Lee's Bitmine added 10,452 ETH, reaching 4.95% of supply, but its larger move was repurchasing 2.04 million of its own shares. The firm calls it the largest equity buyback any crypto treasury company has run, signaling a pivot from accumulation to shareholder returns.

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