Tom Lee’s Ethereum-centered treasury firm, Bitmine Immersion, has announced its stock repurchase program to buyback up to $1 billion of the company’s common stock. Summary The Ethereum-focused treasury and mining company, Bitmine Immersion, is buying back $1 billion worth of its common shares. A day after the buyback plan was announced, the stocks dipped by 8.86%. According to the official press release, the new stock buyback plan would allow Bitmine Immersion to repurchase its shares in the open market and negotiate transactions based on current conditions. On July 29, the company’s board of shareholders approved the plan to repurchase $1…
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