PANews, July 21 — According to PRNewswire, $Bitmine Immersion Technologies (BMNR.US)$ Chairman Tom Lee stated that Bitmine’s recent pace of Ethereum (ETH) purchases has slowed somewhat due to large-scale share repurchases conducted during the same period. However, since launching its Ethereum Treasury Strategy on June 30, 2025, Bitmine has maintained a consistent weekly schedule of ETH acquisitions. Over the past week, Bitmine repurchased approximately 5.5 million shares of common stock at an average price of $15.6156 per share. This share repurchase program is expected to enhance shareholder value. Additionally, Bitmine’s proprietary staking operations generated a yield of 2.67% (annualized) over the past seven days and will continue to strengthen its digital asset treasury strategy by expanding its ETH holdings and staking returns.
Tom Lee responds to the slowdown in ETH purchase pace: due to large-scale stock buybacks
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