Cryptocurrency3 Aug 2026SEO 801 min read

Analysis: 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. Bitmine purchased 10,399 ETH last week,…

Chairman Tom Lee said ether's outperformance versus the Nasdaq in July signals strengthening crypto fundamentals. 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. Bitmine Immersion (BMNR), the largest…

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