Market | April 9, 2026
Bitmine Moves to NYSE and Lifts Buyback to $4 Billion
Bitmine began trading on the New York Stock Exchange on April 9 and raised its stock repurchase authorization from $1 billion to $4 billion, extending the equity wrapper around one of the largest ether treasuries in public markets.
Bitmine began trading on the New York Stock Exchange on Thursday under the same BMNR ticker it used on NYSE American, and its board used the move to widen the company's stock repurchase program. In an SEC filing, Bitmine said the authorization rose from $1 billion to $4 billion, giving the company more room to retire shares in the market if management decides the stock is trading below what it thinks the business is worth.
Bitmine said it held about 4.803 million ETH as of April 6, plus $864 million in cash and other crypto holdings, leaving the company with roughly 3.98% of Ethereum's supply. That makes BMNR less like an operating software stock and more like a public equity wrapper around ether reserves, staking income, and whatever premium or discount the market assigns to that package.