Bitmine Slows Ethereum Purchases to Fund Stock Buyback
Ethereum treasury company Bitmine (BMNR) significantly reduced its weekly ETH purchases, acquiring only $14 million worth of ETH last week as it shifted capital toward a stock buyback. The firm repurchased 5.5 million shares at an average price of $15.62 under its $4 billion authorization.
Tickers: $BMNR
Topics: buybacks capital allocation ethereum treasury strategy