As token prices fall and share premiums to net asset value compress, listed digital-asset treasury companies keep switching from buying tokens to share buybacks, removing a source of marginal demand that supported bitcoin and ether earlier in the cycle.
forming · confidence 35 · Emerging (watchlist) · tracking since October 27, 2026 · updated October 27, 2026
Tom Lee's Bitmine chose share buybacks over ether purchases as crypto prices declined and bitcoin traded near $80,000.
Supporting · October 27, 2026
Ripple receives final approval for a US national trust bank as bitcoin trades near $80,000
Tom Lee's Bitmine chose share buybacks over ether purchases as crypto prices declined and bitcoin traded near $80,000.
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