ETHEREUM INVESTORS WANT TREASURIES TO BUY MORE ETHER. BITMINE JUST HINTED AT THE OPPOSITE
https://s.yimg.com/ny/api/res/1.2/pdXA6vmA47L9ao.H4cGRPg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03ODU-/https://media.zenfs.com/en/dlnews_702/8c7f22e6a03ed85657f30c359d00ec67
✍️ BitMine, a publicly traded Ethereum treasury firm, has announced a $1 billion repurchase authorization, sparking concerns among Ethereum bulls that the company may use its excess cash to buy back shares instead of accumulating more Ether.
👉 BitMine has announced a $1 billion repurchase authorization 👉 The company's stock is trading at a 35% premium to the value of its Ether holdings 👉 The decision to pursue a buyback is a departure from the usual corporate crypto treasury playbook 👉 Investors who bought in for exposure to Ethereum are concerned about the move
-- #Ceteris #Viktor #PedroSolimano #MichaelSaylor #technology
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