- Bitmine resumed buybacks after a roughly 10-week pause, purchasing 2.04 million shares for about $45.9 million at an average price of $22.48 last week.
- Bitmine added 10,452 ETH, slowing from 12,535 ETH the prior week, bringing holdings to 6,051,933 ETH or 4.95% of Ethereum's supply.
- Chairman Tom Lee said crypto has held up better than AI stocks, with ETH down 13% from its recent peak versus a 20% drop in US semiconductors.
- Strategy paused Bitcoin buying to spend $204.9 million on STRC preferred buybacks, a parallel shift toward shoring up shares over fresh crypto purchases.
Quotes
“We believe this is further evidence that a crypto bull market is underway.”