BitMine joins NYSE ‘Big Board’ with expanded $4B buyback plan

ambcryptoPublicado em 2026-04-10Última atualização em 2026-04-10

Resumo

BitMine Immersion Technologies achieved a major milestone by uplisting from NYSE American to the prestigious New York Stock Exchange (NYSE), enhancing its visibility and trading potential. The company also announced a significant expansion of its share buyback program, increasing it from $1 billion to $4 billion, positioning it among the top 10 corporate buyback initiatives. This strategy aims to repurchase shares if they trade below intrinsic value relative to its ETH holdings. Additionally, BitMine reported holding 4.8 million ETH, nearing its 6 million ETH target, and plans to stake its entire ETH stash on its MAVAN platform, potentially generating $300 million annually in staking rewards. Despite these developments, its stock (BMNR) declined 2% to $21.29, with a year-to-date loss of 22%.

BitMine Immersion Technologies hit a major milestone on Wall Street today, marking a big start to Q2.

On Thursday, the firm was uplisted to the New York Stock Exchange (NYSE) from the ‘smaller’ NYSE American. In a statement, Tom Lee, Chairman of the world’s largest Ethereum treasury said that being uplisted to the “big board” is a “major milestone.” He added,

“The NYSE is the most prestigious venerable stock exchange with a storied history.”

This could increase the firm’s visibility and, by extension, its trading volume.

Additionally, the firm’s board approved the overhaul of its share buyback from 2025’s $1 billion to $4 billion. Commenting on the massive buyback cash, Lee claimed,

Bitmine’s expanded $4 billion buyback reflects our commitment to shareholders. 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.

This means that the firm could actively begin its share buyback if the mNAV (market-to-Net Asset Value) falls below 1. In other words, when its share trades at a discount to its ETH holdings, then the buyback will be initiated.

The $4B program ranked BitMine among the top 10 firms with the largest corporate buybacks.

BitMine’s holdings hit 4.8M ETH

Separately, the firm reported that it now holds 4.8 million ETH and was 79% done with its target of holding 6 million ETH or the ‘5% Alchemy.’ In the past week alone, it bought 40K ETH.

Unlike Strategy, which currently holds BTC for pure price appreciation and to extend the same volatility to MSTR, BitMine eyes a steady annual revenue.

The firm recently launched a MAVAN staking platform and plans to stake its entire ETH stash on it. Thanks to current staking rewards, BitMine could earn $300 million annually. In fact, the MAVAN platform won’t stop at ETH, with planned expansion to target other Proof-of-Stake (PoS) chains like Solana.

Meanwhile, BitMine’s stock, BMNR, slipped by 2% and closed the Thursday market session at $21.29 after the bullish update. On a year-to-date (YTD) basis, BMNR and ETH have posted nearly similar losses of 22% and 26%, respectively.

Final Summary

BitMine was uplisted to the NYSE, an upgrade from the prior NYSE American, offering it an extra visibility to Wall Street investors seeking indirect exposure to ETH.
Treasury firm now holds 4.8 million ETH and is about 20% away from hitting its goal of holding 6 million ETH.

Leituras Relacionadas

3 Million-Follower Goddess Fully AI-Synthesized, Fake Orphanage, Cross-Border ‘Fake Charity’ Collapses Overnight

An Australian influencer named Lily Jay, with nearly 3 million Instagram followers, is at the centre of a major AI-fueled charity scam. Her 'Lily Jay Foundation' claimed to build orphanages, mosques, and deliver aid in places like Uganda and Gaza, using emotionally powerful videos of herself with children. However, an investigation by ABC NEWS Verify revealed these scenes—including a key video announcing an orphanage's opening—were entirely AI-generated, complete with telltale flaws like garbled text on clothing. The foundation's 'humanitarian award' was also faked using AI images. The foundation admitted in small print on its website that it is not a registered charity, avoiding financial transparency laws. While based in Kosovo, its operations and the influencer's lavish personal lifestyle raised further red flags. Following media inquiries, the foundation selectively hid donation buttons and removed fraudulent content for Australian visitors, but kept them active internationally. Experts warn this case is a textbook example of how AI can be weaponized to exploit public trust and generosity, creating believable but entirely fabricated narratives of aid. The incident highlights the growing danger of deepfakes in eroding trust within the charitable sector, urging donors to critically verify causes before giving.

marsbitHá 18m

3 Million-Follower Goddess Fully AI-Synthesized, Fake Orphanage, Cross-Border ‘Fake Charity’ Collapses Overnight

marsbitHá 18m

L2 'Recalibration': When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

The article discusses the evolving relationship between Ethereum's Layer 1 (L1) and Layer 2 (L2) solutions, moving beyond the initial "L2 for scaling" model. As Ethereum L1 itself scales (increasing Gas Limit, statelessness, zkEVM), the unique value proposition of L2s shifts from merely providing cheap execution to offering differentiated features like application-specific optimization, privacy, and flexible governance. The piece explores three key themes: 1. **L2's New Role:** L2s are transitioning from a pure scaling technology to a spectrum of execution environments with varying degrees of security inheritance from Ethereum L1. 2. **Interoperability as State Trust:** Solving L2 fragmentation is less about cross-chain bridges and more about enabling faster, trust-minimized state verification between environments. This involves initiatives like faster L1 finality, intent-based architectures (Open Intents Framework), and native account abstraction. 3. **Blurring Layers:** With the potential integration of zk-proofs into L1 validation (making L1 akin to its own "Rollup") and the concept of "Native Rollups," the rigid boundary between L1 and L2 may fade. The future could be a unified system with multiple execution domains (for DeFi, gaming, privacy, etc.) sharing a common security, settlement, and state framework. In conclusion, Ethereum's goal is not to abandon L2s or re-centralize everything on L1, but to re-integrate the fragmented user experience—liquidity, accounts, applications—while preserving the scaling benefits of a multi-environment ecosystem. The endgame is a cohesive "one chain" feeling for users, powered by diverse but securely interconnected execution layers.

marsbitHá 21m

L2 'Recalibration': When L1 Becomes Its Own Rollup, What Is Ethereum's Endgame?

marsbitHá 21m

Grayscale Files First Spot Worldcoin ETF With SEC Under GWLD Ticker

Grayscale Investments has filed with the SEC to launch a Worldcoin spot ETF (ticker GWLD), aiming to provide U.S. investors regulated access to the token. The filing coincided with WLD trading near its all-time low, though the news triggered an 8% price surge. The application also highlights potential risks, including high token concentration among top wallets and ongoing insider token unlocks through 2028, which could create selling pressure. Additionally, Worldcoin's use of biometric data presents unique regulatory challenges. Grayscale's move expands its crypto ETF lineup ahead of potential competitors, though SEC approval remains uncertain.

TheNewsCryptoHá 34m

Grayscale Files First Spot Worldcoin ETF With SEC Under GWLD Ticker

TheNewsCryptoHá 34m

The Eternal Fragment of Money: Third-Party Payments Lack a First Principle

The Eternal Fragments of Money: Third-Party Payment Has No First Principle The article examines the fragmented and competitive landscape of third-party payment, using Stripe's rumored acquisition of PayPal as a starting point. It argues the payment industry is characterized by persistent fragmentation and remains fundamentally tied to traditional banking infrastructure, hindering attempts at total domination. Stripe, despite its developer-centric success, faces growth challenges and missed its peak valuation window during the pandemic. Its recent ventures into stablecoins (OUSD) and Agent-centric payment protocols are seen as attempts to capture future narratives and bolster its IPO prospects, though their success is uncertain. The author posits that payment itself is merely an entry point; future profits for companies like Stripe and Circle may lie in building efficient backend清算 (clearing/settlement) networks, potentially operating more independently from traditional banks. The piece concludes that the payment industry is a perpetual, trench-warfare-like competition where scale alone cannot eliminate regional or niche players.

marsbitHá 44m

The Eternal Fragment of Money: Third-Party Payments Lack a First Principle

marsbitHá 44m

The Encryption Bill Clarity's Challenge: A Thorny Path of Bipartisan Compromise in the U.S.

U.S. lawmakers are attempting to advance the Clarity Act, a significant crypto market structure bill, but its path is fraught with partisan hurdles. The process has been rocky since January, when a prior bipartisan deal in the Senate Banking Committee was upended. A key compromise in May on "yield" issues allowed the bill to move forward in committee, but only with the conditional support of two Democratic senators, Angela Alsobrooks and Ruben Gallego. They emphasized that their final vote depends on reaching an agreement on ethics provisions for elected officials. Ultimately, the Senate Agriculture Committee passed its version along party lines without Democratic support. As Republicans push for a full Senate vote in July, the demand for strong ethics language has expanded beyond Democrats. Additional controversies surround provisions related to yields (aligning some Republicans with large banks) and developer protections (opposed by enforcement agencies). Core concerns about illicit finance and consumer protection remain central to the debate. Despite consensus on the need for legislation, achieving the necessary bipartisan compromise is proving difficult. While momentum exists—including recent meetings between senators and White House officials—a reconciled bill text faces skepticism. Senator Gallego has stated that without ethics terms acceptable to Democrats, they will not provide the needed votes. The immediate goals for the crypto community in Congress are unclear: a symbolic Senate vote before the August recess, eventual passage into law by 2026, or forging a final compromise framework. The arduous, vote-by-vote effort to build bipartisan support continues, mirroring the traditional legislative grind the industry must now navigate.

Foresight NewsHá 1h

The Encryption Bill Clarity's Challenge: A Thorny Path of Bipartisan Compromise in the U.S.