Bitmine Expands Ether Holdings and Stock Buyback Program

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Bitmine, chaired by Tom Lee, increased its ether holdings and expanded its stock buyback program last week. Lee pointed to ether's strong performance relative to the Nasdaq in July as a key factor behind the decision. He interpreted this outperformance as a sign of improving fundamentals in the broader cryptocurrency market. The moves reflect Bitmine's growing confidence in digital assets as a strategic investment.

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