Exchanges· ★★★★· bullish·

BitMine Executes Record $350M Share Buyback, Targets 6M ETH

  • —$350 million buyback is the largest share repurchase in crypto history
  • —21 million shares repurchased between July 14 and August 17
  • —Company targets nearly 6 million ETH, about 5% of Ethereum's supply
  • —Chairman Tom Lee says the buyback helped stabilize BitMine's stock price
Why it matters: The largest buyback in crypto history and aggressive ETH accumulation could support Ethereum's price and set the tone for corporate treasury strategies.
#ETH
Source: Coinfomania
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