Bitmine Streak Continues: Buying ETH Every Week

Tom Lee's Bitmine continues its streak of buying Ethereum every week. Over the past seven days, it acquired 7,391 ETH and now holds approximately 4.8% of the total ETH supply.

The company's chairman, Tom Lee, reiterated their bullish outlook for ETH and the broader crypto market. 'We are disappointed that the CLARITY Act will not see a Senate vote before the August recess,' he said.

Bitmine also continued its BMNR stock buyback, purchasing 3 million shares over the past week. Since starting this program in July, it has repurchased 19.1 million common shares under a $4 billion share repurchase plan.