Tom Lee’s Bitmine bought more ether, added to stock buyback last week
Chairman Tom Lee said ether’s outperformance versus the Nasdaq in July signals strengthening crypto fundamentals.
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Summary
- Bitmine purchased 10,399 ETH last week, worth about $19.1 million at current prices.
- Chairman Tom Lee said ether’s July outperformance versus the Nasdaq was its strongest in a year and signals improving fundamentals.
- Bitmine also bought back 4.5 million shares of stock last week, bringing total recent repurchases to 16 million shares.
