Bitmine Immersion Technologies says it repurchased 2.04 million shares for about $45.9 million, at an average of $22.48 per share, after a roughly 10-week pause. The purchase brings its reported 2026 buybacks to 22.9 million shares for $399.6 million.
Chairman Tom Lee said the company currently favors buybacks over faster digital-asset purchases, but any further repurchases depend on market conditions and its existing authorization. Bitmine says it continues to accumulate ETH weekly and holds 6,051,933 ETH.
