Bitman Slows Ethereum Purchases to 7,430 ETH Last Week Amid $4B Stock Buyback

ETH3.34%
BMNR2.37%
According to CoinDesk, Bitman (NASDAQ: BMNR) slowed its Ethereum purchases last week, adding 7,430 ETH to bring total holdings to 5.78 million ETH. The addition, valued at approximately $14 million at current prices, marks one of the smallest weekly purchase amounts since the company adopted its Ethereum Treasury strategy in June 2025. CEO Tom Lee attributed the slower pace to a previously approved $4 billion stock buyback program, under which Bitman repurchased 5.5 million shares at an average price of $15.62. Lee stated the company remains committed to its Ethereum strategy, having consistently accumulated ETH weekly and now holding approximately 4.8% of total Ethereum circulation, approaching its 5% target.
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StableLifevip
· 1h ago
Get on board now! 🚗
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