Update
BitMine Resumes Stock Buybacks and Staking
BitMine Immersion Technologies has resumed massive stock buybacks, purchasing 2.04 million shares at an average price of $22.48, bringing its total buyback for 2026 to 22.9 million shares for $399.6 million. The company also reported staking 5.23 million ETH, with estimated annualized staking revenue of $318 million. Chairman Tom Lee indicated that the crypto market is in a bull phase, despite recent declines in ether and semiconductor stocks, with BitMine's total assets valued at $15 billion.