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Digital asset treasury company Bitmine Immersion Technologies began trading on the New York Stock Exchange on Thursday, moving up from NYSE American under its existing ticker BMNR. The uplisting took effect at market open on April 9, following the cessation of trading on NYSE American at the close of April 8.
Alongside the uplisting, Bitmine's Board of Directors unanimously approved an expansion of the company's 2025 share repurchase program from $1.0 billion to $4.0 billion — ranking it among the 10 largest buybacks announced in 2026, according to Fundstrat.
"Bitmine's expanded $4 billion buyback reflects our commitment to shareholders," said Chairman Tom Lee in a statement. "There may be a time in the future when Bitmine shares are trading below intrinsic value, and the Company wants to be in a position to accretively retire common shares."
NYSE Group chief development officer Chris Taylor said: "We are pleased to welcome Bitmine to the New York Stock Exchange. With its focus on advancing the Ethereum ecosystem, Bitmine is a strong addition to the NYSE community."
As of April 6, Bitmine held approximately 4.803 million ETH, representing 3.98% of the total Ethereum supply — over 79% of the way toward its stated goal of acquiring 5% of all ETH, which the company calls the "Alchemy of 5%."
Bitmine stock closed Thursday's trading session at $21.08, -2.04% on the day and -32.41% year to date.
Total crypto, cash, and other holdings stood at $11.4 billion. ETH was trading at around $2,189 at time of writing, down slightly on the day but up 6.45% over the past week.
Backers include ARK's Cathie Wood, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital.
