Tom Lee’s Bitmine favors share buybacks to ether purchases as crypto declines
Summary
Ethereum treasury company Bitmine directed forty-six million dollars toward share buybacks instead of purchasing ether during a recent market decline. Chairman Tom Lee noted that cryptocurrency assets have demonstrated more resilience than artificial intelligence stocks throughout the broader market 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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