---
title: "Bitmine reduces ETH buys, invests $86M in stock buyback. 5.5M common shares repurchased, Chairman Tom Lee confirms."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293239210.md"
description: "Bitmine Chairman Tom Lee announced in a statement that the decreased rate of purchases is attributed to Bitmine repurchasing 5.5 million common shares."
datetime: "2026-07-20T16:14:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293239210.md)
  - [en](https://longbridge.com/en/news/293239210.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293239210.md)
---

# Bitmine reduces ETH buys, invests $86M in stock buyback. 5.5M common shares repurchased, Chairman Tom Lee confirms.

Bitmine Chairman Tom Lee announced in a statement that the decreased rate of purchases is attributed to Bitmine repurchasing 5.5 million common shares.

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## Related News & Research

- [Bitmine Slows ETH Buys to 7,430 Tokens as Tom Lee Redirects $86M to Stock Buybacks: What Changed?](https://longbridge.com/en/news/293231517.md)
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