Bitmine uplists to NYSE, raises buyback to $4B and grows ETH hoard to 4.8M as shares slip

Bitmine Immersion Technologies (BMNR) uplisted to the New York Stock Exchange and simultaneously expanded its share repurchase authorization to $4 billion as the firm deepened its ether holdings to about 4.8 million ETH, according to reporting on the move and buyback expansion ^{[1] [2]}.

The company’s ether accumulation included a reported fresh purchase of 71,252 ETH that lifted total holdings to 4.8 million ETH, a level outlets say brings Bitmine close to roughly 5% of ether’s total supply target ^{[2] [3]}.

BMNR’s market debut on the NYSE showed early weakness despite the repurchase program: Blockonomi reported a 1.95% decline in the stock’s initial session, and other coverage noted shares have struggled alongside ether even after the buyback announcement ^{[3] [4] [1]}.

The listing increases institutional access to Bitmine while markets continue to price the company's large ETH accumulation and the expanded $4 billion repurchase plan ^{[1] [2] [3]}.