Tom Lee's Bitmine slowed ether purchases as it bought back $86 million in stock.
CoinDesk·
60-second summary
Tom Lee's Bitmine is slowing down its ether purchases as it focuses on buying back $86 million in stock, adding only 7,430 ETH worth approximately $14 million last week. This move brings Bitmine closer to its goal of cornering 5% of Ethereum's supply, a significant milestone that could impact the cryptocurrency's market dynamics and overall value.
The company added just 7,430 ETH, worth about $14 million, last week as it nears its goal to corner 5% of Ethereum's supply.