Cryptocurrency26 Oct 2026SEO 801 min read

Analysis: Tom Lee's Bitmine favors share buybacks to ether purchases as crypto declines

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 pull…

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. Bitmine Immersion Technologies (BMNR) resumed share buybacks after a roughly 10-week pause, purchasing 2.04 million shares for about $45.9 million last week. The Ethereum treasury firm has spent nearly $400 million buying 22.9 million shares for this year and said it would continue purchases when management considers the stock under…

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