BitMine adds 7,430 ETH, spends $86M on share buybacks – Why?
BitMine reduced its weekly Ethereum purchases to 7,430 ETH, its lowest since May, spending $13 million on new ETH while allocating $86 million to buy back 5.5 million shares at $15.62 each. Its treasury holds 5,777,468 ETH (4.8% of circulating supply), nearing its 5% goal, with 85% staked and $247 million in projected annual staking revenue.
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