Bitmine Immersion Technologies, Inc. Announces Major Share Repurchase Program Expansion and Uplisting to NYSE

Bitmine Immersion Technologies, Inc. has announced a significant expansion of its share repurchase program, increasing the authorized amount from $1 million to $4 billion. This decision, approved by the Board of Directors, positions the company to potentially repurchase shares if they trade below intrinsic value. Concurrently, the company celebrated its uplisting to the New York Stock Exchange (NYSE), trading under the symbol BMNR, a move considered a major milestone. Bitmine also highlighted its substantial holdings in Ethereum (ETH), with approximately 4.803 million ETH representing 3.98% of the total supply, and stated its goal of reaching 5% of the total ETH supply. The company's total crypto and cash holdings, including other crypto assets, are valued at $11.4 billion. Bitmine is focused on accumulating digital assets, particularly ETH, and has developed staking infrastructure through MAVAN.