Tom Lee says Bitmine’s $86M buyback slowed pace of ETH purchases

Bitmine Chairman Tom Lee said the company spent about $86 million to repurchase 5.5 million shares of Bitmine common stock at an average price of $15.62. As a result, the pace of ETH purchases slowed somewhat, according to Decrypt. Bitmine bought an additional 7,430 ETH last week, worth $14 million, marking one of its smallest weekly purchases since the company began its ETH treasury strategy.