BuybackApr 9, 2026, 08:56 AM
Bitmine Immersion Technologies Expands Share Repurchase Program to $4 Billion and Uplists to NYSE; Crypto Holdings Reach $11.4 Billion
AI Summary
Bitmine Immersion Technologies, Inc. (BMNR) announced a significant expansion of its existing share repurchase program, increasing the authorization from $1 million to $4 billion. Concurrently, the company revealed its uplisting to the New York Stock Exchange (NYSE), marking a major milestone. Bitmine, which identifies as the world's largest holder of Ethereum, reported total crypto and cash holdings, including 'Moonshots,' of $11.4 billion, underpinned by 4.803 million ETH tokens. This strategic move and substantial financial capacity underscore the company's commitment to enhancing shareholder value and its prominent position in the crypto treasury space.
Key Highlights
- Bitmine's Board of Directors authorized an increase in the share repurchase program from $1 million to $4 billion.
- The company announced its uplisting to the New York Stock Exchange (NYSE).
- Bitmine holds 4.803 million ETH tokens, representing 3.98% of the total ETH token supply.
- The company is over 79% of the way to its 'Alchemy of 5%' ETH target, achieved in just 9 months.
- Total Crypto + Total Cash Holdings + 'Moonshots' amount to $11.4 billion.
- Bitmine's total cash holdings stand at $864 million.