Tom Lee’s Bitmine Turns to Share Buybacks Amid Crypto Dip
Photo: The Daily Hodl
A major Ethereum ( ETH ) treasury company is opting to repurchase its own shares rather than accelerate digital asset buys during a recent crypto market pullback. Bitmine Immersion Technologies (BMNR) says it acquired 2.04 million shares last week at an average price of $22.48, totaling about $45.9 million. This move follows a roughly 10-week pause and forms part of a larger 2026 program that has now reached 22.9 million shares repurchased for $399.6 million at an average of $17.48 – the biggest equity buyback by any crypto treasury company.
Source: The Daily Hodl
