Bitmine makes its debut on the primary NYSE board.

crypthub

about 11 hours ago

NYSE Uplisting

Bitmine Immersion Technologies began trading on the NYSE main board on April 9, completing its move from NYSE American. The uplist signals that the company has passed a credibility threshold important for index inclusion and analyst coverage. NYSE officials highlighted Bitmine’s role in advancing the Ethereum ecosystem. Chairman Thomas Lee called the NYSE “the most prestigious” exchange and praised the upgrade.

Expanded Share Buyback

The board approved a $4 billion share repurchase program for 2025, a three‑fold increase from the prior $1 billion limit. Lee said the buyback underscores Bitmine’s commitment to shareholders and prepares the firm to retire shares if prices fall below intrinsic value. This program ranks among the ten largest buybacks announced for 2026.

Ethereum Holdings and Treasury

Bitmine now holds 4.803 million ETH, about 3.98 % of the circulating supply, making it the largest corporate ETH holder. Its MAVAN staking network secures 3.33 million ETH, generating roughly $196 million in annualized revenue, with a target of $282 million at full deployment. Total assets total $11.4 billion, including cash, Bitcoin, ORBS and other positions.

Market Outlook and Share Performance

Lee’s CNBC interview linked de‑escalating geopolitical risk to a potential stock rally toward all‑time highs. Bitcoin rose above $72,000 and S&P futures gained 1.9% as risk‑on sentiment returned. Despite the optimism, Bitmine’s share price fell 1.53% to $21.19 after the announcement.