DECRYPT · 2026-10-26 15:36 UTC

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

Bitmine added 10,452 ETH (~$24M) maintaining its weekly buying streak, while spending $399.6M on record share buybacks totaling 22.9M shares in 2026. Bitmine's ETH holdings reached 6,051,933 tokens (4.95% of Ethereum supply), nearly at its stated 5% ownership goal, with total treasury value at $15B as of Oct. 25. Chairman Tom Lee framed buybacks as accretive when shares are undervalued and characterized recent crypto weakness as a buying opportunity aligned with broader market pullbacks.

Loading the story on Tree News…