Bitmine slows ether buys for $86M stock buyback

Bitmine added just 7,430 ETH last week, worth about $14 million, as it redirected capital to repurchase 5.5 million shares at an average price of $15.62 under its $4 billion buyback program. The firm now holds 5.78 million ETH, roughly 4.8% of Ethereum's circulating supply, and has staked 4.92 million ETH generating projected annualized revenue of $247 million.