Cryptocurrency20 Jul 2026SEO 801 min read

Analysis: Tom Lee's Bitmine slowed ether purchases as it bought back $86 million in stock.

The company added just 7,430 ETH, worth about $14 million, last week as it nears its goal to corner 5% of Ethereum's supply. Bitmine sharply slowed its Et…

The company added just 7,430 ETH, worth about $14 million, last week as it nears its goal to corner 5% of Ethereum's supply. Bitmine sharply slowed its Ethereum purchases last week, adding 7,430 ether worth about $14 million as it shifted capital to a share buyback program. The firm now holds about 5.78 million ETH, or roughly 4.8% of Ethereum’s circulating supply, and is nearing its goal of controlling 5% of the token’s supply. Bitmine repurchased approximately 5.5 million shares at an av…

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