Bitmine Chairman Tom Lee: ETH Purchase Slowdown Due to Stock Buybacks, Weekly Buying Pace Maintained

BMNR5.96%
ETH2.66%
According to Bitmine chairman Tom Lee, the company's Ethereum purchases slowed recently due to large-scale stock repurchases, though it has maintained its weekly ETH buying pace since launching its Treasury Strategy on June 30, 2025. Over the past week, Bitmine repurchased approximately 5.5 million common shares at an average price of $15.6156 per share. The company currently holds roughly 5.78 million ETH, with approximately 4.9 million ETH staked (85% of total holdings). Staking yields over the past seven days reached 2.67% annualized. Bitmine plans to continue strengthening its digital asset treasury strategy by expanding ETH reserves and staking returns.
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