Tom Lee’s Bitmine favors share buybacks to ether purchases as crypto declines
Summary
Ethereum treasury firm Bitmine spent $46 million on share buybacks rather than acquiring more ether during the recent crypto market decline. Chairman Tom Lee noted that digital assets have performed better than artificial intelligence stocks throughout this downturn.
The Ethereum treasury firm spent $46 million buying back shares as Chairman Tom Lee said crypto has held up better than AI stocks during the recent market pullback.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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