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.
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.
Related market data
- ETH: price 2,341.9, 24h -0.17%, funding 0.0013%/h, OI $2.59B
- MOVE: price 0.006950, 24h -1.15%, funding 0.0013%/h, OI $232.3K
Read the full story at decrypt.co: https://decrypt.co/381826/tom-lee-bitmine-keeps-buying-ethereum-share-buybacks