Bitmine Immersion Technologies (NYSE: $BMNR) slowed its purchases of Ethereum (CRYPTO: $ETH) over the past week as it moved to buyback its own stock.
The company led by Chairman Tom Lee bought 7,430 Ethereum over the last week, slowing its buying as it redirected capital to share repurchases.
The latest ETH purchase, worth $14 million U.S., lifted BitMine's holdings to 5.78 million Ethereum, or roughly 4.8% of the cryptocurrency's total circulating supply.
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The company led by Chairman Tom Lee bought 7,430 Ethereum over the last week, slowing its buying as it redirected capital to share repurchases.
The latest ETH purchase, worth $14 million U.S., lifted BitMine's holdings to 5.78 million Ethereum, or roughly 4.8% of the cryptocurrency's total circulating supply.
More From Cryptoprowl:
Major U.S. Banks Join U.K. Government's Tokenization Taskforce
#NYSE
3 months ago
