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BitMine Extends Share Buyback Spree, Scoops Over 10K ETH Amid Ethereum Price Volatility

Guavy AI Editorial Team
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BitMine Immersion Technologies, an Ethereum treasury firm, continued its share buyback spree last week by repurchasing 4.5 million shares of its common stock.

This purchase brings the total stock buyback since July 1 to 16.1 million shares, part of a previously authorized $4 billion repurchase plan.

BitMine also acquired 10,399 ETH last week, lifting its total holdings of Ethereum to 5.797 million ETH, representing 4.8% of the top altcoin's circulating supply.

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