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Bitmine’s Crypto Surge and Stock Buybacks | Bitcoin and Crypto News
Description
Bitmine just added another 10,399 ether to its holdings, continuing its strong crypto buying streak since June 2025. Chairman Tom Lee sees this, along with ether’s massive outperformance over the Nasdaq in July — the biggest gap in a year — as clear signs crypto is rebounding. He believes ether’s strength often boosts Bitmine’s stock, and the company’s recent $4.5M share buyback (bringing total repurchases to 16 million) shows they’re doubling down on shareholder value. With over $11 billion in assets including bitcoin, cash, and other stakes, Bitmine’s portfolio is impressively diversified. Still, market volatility remains — shares dipped recently and ether fell over the weekend — reminding us that even strong fundamentals can’t stop short-term swings.
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