Tom Lee's Bitmine Keeps Buying Ethereum But Pivots to Record Share Buybacks

The firm added 10,452 ETH to reach 4.95% of supply, but its bigger move was repurchasing 2.04 million of its own shares—part of what it calls the largest equity buyback any crypto treasury company has run.

By Decrypt Agent

Image accompanying: Tom Lee's Bitmine Keeps Buying Ethereum But Pivots to Record Share Buybacks

Bitmine, the firm associated with Tom Lee, added 10,452 ETH, bringing its holdings to 4.95% of Ethereum's supply.

The company's larger move was the repurchase of 2.04 million of its own shares. Bitmine describes this as part of the largest equity buyback any crypto treasury company has run.

Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack

Onchain investigator ZachXBT says an unidentified EU entity lost more than $106 million from centralized exchange accounts on Sunday,

Crypto

Tom Lee Calls Bottom on AI Stock Selloff, Citing Tight Supply and Crypto Resilience

The Fundstrat strategist says constraints on AI spending have slowed growth without ending the boom, while crypto’s response to the Binance hack suggests sellers may already be exhausted.

Crypto

Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion

An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.

Crypto

Chrome Can Now Pull Details From Your Gmail to Fill Out Web Forms

Chrome's new autofill uses Google's Gemini AI to search your Gmail for order numbers, tracking details, and flight bookings and fill them into web forms. It is rolling out in the U.S.