BitMine moves to NYSE, expands $4B buyback, and grows Ethereum holdings to 4.803 million ETH, nearing its 5% supply goal.
BitMine Immersion Technologies has reached an important milestone in its growth journey. The company has transferred its stock to the New York Stock Exchange. Meanwhile, it increased its share buyback program to $4,000,000,000. Consequently, investors are paying close attention to the company.
BitMine Moves to NYSE With Major Expansion Plans
BitMine Immersion Technologies said its stock started trading on the New York Stock Exchange on April 9, 2026. The ticker symbol employed by the company is the same, BMNR. Previously, it was traded on NYSE American.
BitMine Immersion Technologies announced the successful transfer of its listing from Nasdaq to the New York Stock Exchange (NYSE) and expanded its stock repurchase program to $4 billion.
BitMine disclosed that over the past 9 months, the company has accumulated approximately… pic.twitter.com/RAiI7XDo5w
— Wu Blockchain (@WuBlockchain) April 9, 2026
Furthermore, this step is regarded as a significant step. One of the largest markets in the world is the New York Stock Exchange. Thus, its membership enhances the visibility and credibility of the company to investors.
Moreover, this was a proud moment to Chairman Thomas Lee. He indicated that the exchange is honored all over the world. Consequently, the company regards this move as a positive step.
Meanwhile, the company was welcomed by NYSE official Chris Taylor. He claimed that BitMine is value added to the exchange. This demonstrates good market leader support.
Moreover, BitMine also increased its share buyback plan. The company increased it from $1,000,000,000 to $4,000,000,000. As such, it is currently among the biggest buybacks declared in 2026.
Ethereum Strategy Drives Long-Term Growth Plans
BitMine is also concerned with developing a huge crypto reserve. The company has collected about 4,803,000 ETH in the past 9 months. This equals about 3.98% of total Ethereum supply. Thus, the company is near its target.
Additionally, BitMine will have a target of 5 percent of the overall Ethereum supply. So far, it has completed over 79% of this target. Consequently, it is among the biggest Ethereum holders in the world.
Moreover, the buyback program demonstrates the trust in its stock price. The company will buy back shares at low prices. Thus, this can add value to the current shareholders.
Moreover, the company will adhere to the market regulations of buybacks. It will employ open market transactions within official guidelines. This ensures transparency and fairness in the process.
At the same time, BitMine is working with Cantor Fitzgerald & Co. for executing trades. This collaboration facilitates the smooth running of big transactions. Thus, the company is able to manage its strategy effectively.
BitMine, in the meantime, is still interested in long-term crypto development. It spends a lot of money on both Bitcoin and Ethereum networks. Consequently, it seeks to take advantage of the growth in the market in the future.
To sum up, the NYSE relocation and the massive buyback proposal by BitMine demonstrate confidence. Its increasing Ethereum stakes contribute to its long-term plan. Thus, the company is establishing itself as a key player in crypto markets.