BitMine Buys Back Millions of Shares and Now Stakes 5.23 Million ETH

BitMine resumes its share buybacks while increasing its positions in staked ether. Last week, the company bought back 2.04 million shares, while the volume of ETH locked for staking increased after nearly three months of stagnation. However, its ether purchases slow down as it nears its holding target. Last week, BitMine resumed share buybacks for the first time since mid-August. The company acquired 2.04 million shares at an average price of 22.48 dollars. In total, its buyback program for 2026 now represents 22.9 million shares, for an amount of 399.6 million dollars and an average price of 17.48 dollars . The latest purchase therefore significantly exceeds this annual average. On October 7, Tom Lee, chairman of the board, had specified that the previous program ended on August 17.

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