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Bitmine moves to NYSE and expands share buyback to $4 billion

April 9, 2026 8:31 AM

Bitmine Immersion Technologies Inc. (NYSE: BMNR) began trading on the New York Stock Exchange on April 9, transitioning from NYSE American where it previously traded under the same ticker symbol.



The company's board approved an expansion of its share repurchase program from $1 billion to $4 billion. The original program was approved on July 25, 2025, and repurchases will continue through open market transactions under Rule 10b-18 via an agreement with Cantor Fitzgerald & Co.



"Today, Bitmine achieved a major milestone by being uplisted to the 'Big Board' NYSE," said Thomas Lee, the company's chairman, according to the press release.



Chris Taylor, NYSE Group Chief Development Officer, stated the exchange was pleased to welcome Bitmine. "With its focus on advancing the Ethereum ecosystem, Bitmine is a strong addition to the NYSE community," Taylor said.



As of April 6, 2026, Bitmine held approximately 4.803 million ETH tokens, representing 3.98% of the total Ethereum supply. The company reported total crypto and cash holdings of $11.4 billion, including $864 million in cash.



Bitmine describes itself as a Bitcoin miner with U.S. operations that is implementing a digital asset strategy focused on Ethereum accumulation. The company launched MAVAN, a staking infrastructure for its assets, in 2026.



The company states it is backed by institutional investors including ARK's Cathie Wood, Founders Fund, and others to support its goal of acquiring 5% of ETH tokens.

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Stock Buybacks