Cryptocurrency10 Aug 2026SEO 801 min read

Analysis: Bitmine’s ETH buying slows as Tom Lee's firm shifts capital to share buybacks

Chairman Tom Lee said easing financial conditions could support crypto, even as the CLARITY Act failed to reach a Senate vote before the August recess. Ethereu…

Chairman Tom Lee said easing financial conditions could support crypto, even as the CLARITY Act failed to reach a Senate vote before the August recess. Ethereum treasury firm Bitmine (BMNR) bought just 7,391 ether (ETH) last week, its smallest weekly haul in 2026. The firm shifted more capital toward its own stock, repurchasing 3 million shares worth an estimated $50 million-$58 million. Tom Lee pointed to softer inflation and jobs data as a potential tailwind for crypto, despite the latest del…

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