Bitmine Announces Expansion of Stock Repurchase Program to $4 Billion

Odaily News: Ethereum treasury company Bitmine announced that its common stock will commence trading on the New York Stock Exchange at the opening of the market on April 9, 2026, under the ticker symbol "BMNR." In addition to the listing upgrade, Bitmine's board of directors has unanimously approved expanding the company's 2025 stock repurchase program, increasing the total authorized amount from $1 billion to $4 billion.

Tom Lee stated that Bitmine's expansion of the $4 billion stock repurchase program demonstrates its commitment to shareholders. In the future, Bitmine's stock price may fall below its intrinsic value, and the company hopes to repurchase common stock in a value-enhancing manner at that time. It is reported that the repurchase plan was initially approved on July 25, 2025, and will continue to be executed under its existing terms. According to the agreement between the company and Cantor Fitzgerald & Co., repurchases may be conducted through open market transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The $4 billion authorization includes all shares previously repurchased under this plan. (PRNewswire)