Bitmine Immersion Technologies (BMNR) resumed its share repurchase program after a roughly 10-week pause, acquiring 2.04 million shares last week at an average price of $22.48 for approximately $45.9 million. This marks the Ethereum treasury firm's first buyback since August 17, bringing its total repurchases this year to 22.9 million shares worth nearly $400 million. The company stated it will continue buying back stock when management believes shares are undervalued. Chairman Tom Lee emphasized that recent market conditions present an opportunity, arguing that crypto assets have demonstrated greater resilience than AI-related stocks during the downturn. Lee noted that Ether (ETH) has fallen only 13% from its recent peak compared to a 20% decline in US semiconductor stocks ($SOXX) over the same period. He attributed the selloff to broader "risk-off" forces affecting both sectors but maintained that this relative strength supports his view that a crypto bull market remains underway.