According to CoinDesk, Bitmine, led by Chairman Tom Lee, opted to invest $46 million in share buybacks rather than purchasing Ethereum amid a downturn in the crypto market. Lee noted that cryptocurrencies have performed relatively better than AI stocks during this recent market decline.
AI-assisted source briefing. Based on the CoinDesk RSS report; not independently verified.
Source published: Mon, 26 Oct 2026 16:05:12 +0000
[Read the original report](https://www.coindesk.com/business/2026/10/26/tom-lee-s-bitmine-favors-share-buybacks-to-ether-purchases-as-crypto-declines)
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