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BREAKING: Tom Lee's Bitmine lists on the NYSE and expands its buyback authorization to $4 billion.
The company holds nearly 4% of the total supply of ether (ETH), but its stock has struggled along with the cryptocurrency.
Bitmine now holds approximately 4.8 million ether, or nearly 4 percent of the total supply, making its balance sheet highly sensitive to cryptocurrency prices and broader risk sentiment amid uncertain global markets.