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Tom Lee's Bitmine favors share buybacks to ether purchases as crypto declines

CoinDesk·October 26, 2026·1 min read
Tom Lee's Bitmine favors share buybacks to ether purchases as crypto declines

Bitmine, the Ethereum treasury firm led by Chairman Tom Lee, spent $46 million buying back shares instead of purchasing ether. Lee said crypto has held up better than AI stocks during the recent market pullback, explaining the firm's preference for buybacks.

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