CoinDesk·4 min read·hard
Bitmine’s ETH buying slows as Tom Lee's firm shifts capital to share buybacks
K
Krisztian Sandor
✦AI Summary
Bitmine has slowed its weekly Ethereum accumulation as it nears its goal of owning 5% of the total supply, shifting capital toward share buybacks instead. Chairman Thomas Lee remains optimistic about crypto market conditions, citing potential shifts in Federal Reserve interest rate policy.
The purchase, worth roughly $14.2 million at ether’s price as of writing of $1,915, lifted the company’s holdings to over 5.8 million ETH, or about 4.8% of Ethereum’s total supply.
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