Bitmine Immersion (BMNR) uplists to NYSE and boosts share buyback program to $4 billion
CoinDesk
Bitmine Immersion has transitioned to the NYSE and increased its share repurchase authorization to $4 billion to support its cryptocurrency-focused treasury strategy.Summary
Bitmine Immersion Technologies (BMNR), chaired by Tom Lee, has moved its listing from the NYSE American to the New York Stock Exchange. Alongside this transition, the company increased its share buyback authorization from $1 billion to $4 billion. Bitmine currently holds approximately 3.98% of the total ether (ETH) supply, aiming for a 5% target. Despite the company's significant crypto holdings, its stock price has declined significantly from previous peaks, and the company hopes the uplisting and expanded buyback program will signal confidence amidst a challenging macro environment for digital assets.
(Source：CoinDesk)