DeFi Intel

BitMine is changing pace, but not its Ethereum conviction

BitMine's ether holdings reached about 5.78 million ETH, roughly 4.8% of supply and close to its 5% target, but its latest weekly purchase was around 73% smaller than the prior week's 27,801 ETH. The slowdown followed roughly $86 million spent buying back 5.5 million of its own shares, while chairman Tom Lee reaffirmed the Ethereum thesis.

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