BitMine completes $350M stock buyback, which Tom Lee calls the largest in crypto
Photo: Crypto Briefing
The Ethereum treasury firm repurchased 21 million shares while continuing to stack ETH, a two-track strategy management says is about undervaluation Executive Chairman Tom Lee says the company repurchased 21 million shares of its own stock. He calls it the largest buyback ever executed by a crypto stock. For a company best known for hoarding Ethereum , it’s a notable shift in where the cash is going. The repurchases ran from mid-July through August 17, 2026, when the program wrapped up. Over that window, BitMine (NYSE: BMNR) retired 21 million common shares for roughly $350 million. The pace was uneven.
Source: Crypto Briefing
