Bitmine Immersion Technologies officially began trading on the New York Stock Exchange (NYSE) on Thursday after transitioning from the NYSE American, where its shares stopped trading at Wednesday’s close. The move marks a major milestone for the company as it joins one of the world’s most established stock exchanges.
At the same time, Bitmine’s board unanimously approved expanding its 2025 share repurchase authorization from $1 billion to $4 billion. The buyback program, first approved on July 25, 2025, allows open market purchases under Rule 10b-18 of the Securities Exchange Act of 1934 through an agreement with Cantor Fitzgerald. The expanded authorization includes shares previously repurchased and ranks among the 10 largest buybacks announced in 2026.
Ethereum Holdings and Staking Activity Continue to Grow
Bitmine reported holding 4.803 million ETH as of Monday, representing approximately 3.98% of Ethereum’s total supply. In the week ending April 5, the company added 71,252 ETH, marking its largest weekly acquisition since December.
As of April 6, Bitmine disclosed 3,334,637 staked ETH, valued at approximately $7.1 billion at $2,123 per token, reinforcing its position as one of the largest Ethereum staking participants globally.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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