Bitmine's chubby Tom @fundstrat is finding it a bit hard to keep buying ETH? Last week, they only bought 7,430 ETH, marking their smallest weekly purchase in months. On the flip side, they spent $86 million to buy back 5.5 million shares of their own stock at an average price of $15.62. Looks like MicroStrategy's recent pivot has had some influence on BMNR. Blindly buying crypto isn’t the only play—maintaining the stock price is also a priority. Translation: Even they think their own stock is a better dip-buy than ETH right now. FYI: BMNR currently holds 5.78 million ETH, roughly 4.8% of the circulating supply. Out of that, 4.92 million ETH is staked, generating an annualized income of about $247 million.