Bitmine Slows ETH Buys to 7,430 Tokens as Tom Lee Redirects $86M to Stock Buybacks: What Changed?
“We view the purchase of our common shares as accretive to shareholder value,” Tom Lee said, adding that Bitmine has bought ETH every week since adopting its treasury strategy on June 30, 2025. The scale of the pullback stands out. Bitmine bought more than 111,000 ETH in a single week in May and regularly acquired tens of thousands of tokens throughout the first half of the year.