Tom Lee Responds to Slowing ETH Purchase Pace: Due to Large-Scale Stock Buybacks

TechFlow news, July 20. According to PRNewswire, Bitmine Chairman Tom Lee stated that due to large-scale stock buybacks conducted during the same period, Bitmine's recent ETH purchase pace has slowed, but it has maintained a weekly cadence of ETH purchases since launching its Ethereum treasury strategy on June 30, 2025. Bitmine repurchased approximately 5.5 million ordinary shares in the past week at an average price of $15.6156 per share; this stock repurchase will help enhance shareholder value. In addition, Bitmine's proprietary staking business generated a yield of 2.67% (annualized) over the past 7 days, and the company will continue to strengthen its digital asset treasury strategy by expanding ETH reserve scale and staking yields.