BITMINE APPROVES $1B STOCK REPURCHASE PROGRAM

Summary from the TLDR Crypto newsletter

BitMine, now focused on becoming a major Ethereum treasury, approved a $1 billion stock repurchase program while disclosing 625,000 ETH ($2.4B) and 192 BTC in reserves. Chair Tom Lee said buying back shares may offer a better return than ETH in pursuit of the firm's goal to stake 5% of the ETH supply. BitMine's NAV per share stands at $22.76, and it now ranks among the top publicly listed ETH-holding firms.