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Tom Lee's Bitmine Taps the Brakes on ETH Buys, Pivots $86M Into Stock Buyback

Covered by 3 sources · 3 articles

3 outlets - including Bitcoinworld, Decrypt and Yahoo - are covering this story. BitcoinWorld Tom Lee Confirms Bitmine’s $86M Buyback Slowed Ethereum Accumulation Pace Bitmine Chairman Tom Lee has confirmed that the company’s significant share buyback program has directly impacted the pace of its Ethereum (ETH) purchase…

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Tom Lee Confirms Bitmine’s $86M Buyback Slowed Ethereum Accumulation Pace
Bitcoin World Jul 20, 16:45 UTC

Tom Lee Confirms Bitmine’s $86M Buyback Slowed Ethereum Accumulation Pace

BitcoinWorld Tom Lee Confirms Bitmine’s $86M Buyback Slowed Ethereum Accumulation Pace Bitmine Chairman Tom Lee has confirmed that the company’s significant share buyback program has directly impacted the pace of its Ethereum (ETH) purchase…

Tom Lee's Bitmine Taps the Brakes on ETH Buys, Pivots $86M Into Stock Buyback
Decrypt Ethereum Jul 20, 16:12 UTC

Tom Lee's Bitmine Taps the Brakes on ETH Buys, Pivots $86M Into Stock Buyback

"The reduced pace of buys reflects that Bitmine repurchased 5.5 million common shares," Bitmine Chairman Tom Lee said in a statement.

Yahoo Finance News Jul 20, 16:12 UTC

Tom Lee's Bitmine Taps the Brakes on ETH Buys, Pivots $86M Into Stock Buyback