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Tom Lee responds to slowing ETH buying pace: due to large-scale stock buybacks

2026-07-20 12:52:23

Abstract generation in progress

Deep Tide TechFlow message: On July 20, according to PRNewswire, Bitmine Chairman Tom Lee said that, due to large-scale stock buybacks conducted during the same period, Bitmine’s recent ETH purchasing pace has slowed down. However, since it launched the Ethereum treasury strategy on June 30, 2025, it has maintained a weekly rhythm of buying ETH. In the past week, Bitmine repurchased about 5.5 million shares of common stock at an average repurchase price of $15.6156 per share. This stock buyback will help increase shareholder value. In addition, the yield (annualized) generated by Bitmine’s proprietary staking business over the past 7 days was 2.67%. It will continue to strengthen its digital asset treasury strategy by expanding the size of its ETH reserves and staking returns.

ETH1.51%

BMNR1.95%

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