Bitmine Shifts Toward Share Buybacks Over Ether Purchases Amid Crypto Slump

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Bitmine, an Ethereum treasury firm, spent $46 million repurchasing its own shares rather than buying more ether. The move comes as the crypto market declines. Chairman Tom Lee argued that cryptocurrencies have weathered the recent market pullback better than AI-related stocks. The article frames the buyback as a change in the company's capital allocation strategy during the downturn.

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