Bitmine Joins NYSE as Ethereum Treasury Strategy Expands

Van Thanh Le

•

Apr 9 2026

2 hours ago2 minutes read

Company pairs stock exchange move with larger capital return plan

TL;DR

Bitmine began trading on the New York Stock Exchange on April 9 after leaving NYSE American at the close of April 8.
Bitmine said it held 4.803 million ETH as of April 6 and described itself as the world’s largest corporate holder of Ethereum.
The board expanded the company’s 2025 share repurchase authorization to $4.0 billion from $1.0 billion.

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Bitmine Immersion Technologies said it uplisted to the New York Stock Exchange on April 9, keeping the ticker BMNR, while expanding its 2025 share repurchase authorization and continuing to position itself as a public Ethereum treasury company.

Thomas “Tom” Lee, Chairman of Bitmine, said the company had reached “a major milestone” by moving to the NYSE after its stock stopped trading on NYSE American at the close of April 8. Bitmine said the uplisting marked a new phase in its effort to build a large-scale public Ethereum treasury vehicle.

Chris Taylor, NYSE Group Chief Development Officer, said Bitmine’s Ethereum-focused strategy made it “a strong addition to the NYSE community.” Lee said, “Today, Bitmine achieved a major milestone by being uplisted to the ‘Big Board’ NYSE.” He added, “The NYSE is the most prestigious venerable stock exchange with a storied history” and “Bitmine is proud to be the newest company traded on this exchange.”

Ethereum holdings and buyback expansion

Bitmine said its Ethereum accumulation strategy remained central to its public-market model, with staking infrastructure running through MAVAN, which the company described as a Made-in America VAlidator Network dedicated to Bitmine assets. The company said the approach was built around Ethereum as the primary reserve asset rather than a secondary initiative.

Category	Figure	Detail
ETH holdings	4.803 million ETH	Bitmine said this was its position as of April 6.
Share of supply	3.98%	Bitmine said the holdings represented this portion of Ethereum’s total supply.
Progress toward target	More than 79%	Bitmine said it had reached this level toward its “Alchemy of 5%” goal.
Combined crypto holdings, cash, and “moonshots”	$11.4 billion	Bitmine included this total in its balance summary.
Cash	$864 million	Bitmine listed this cash figure within the same summary.
Expanded repurchase authorization	$4.0 billion	The board unanimously increased the 2025 authorization to this level.
Previous repurchase authorization	$1.0 billion	Bitmine said the program had been expanded from this amount.
Original board approval date	July 25, 2025	Bitmine said the original repurchase program was first approved on this date.

Bitmine said the expanded authorization includes shares already repurchased and that future repurchases may continue through open-market transactions under Rule 10b-18 through its arrangement with Cantor Fitzgerald. Lee said, “Bitmine’s expanded $4 billion buyback reflects our commitment to shareholders.” He added, “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.”

Bitmine said it remained backed by institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital, and Thomas “Tom” Lee. The company also said high trading liquidity in BMNR stock and faster growth in crypto net asset value per share set it apart from other crypto treasury peers.

FAQ

What exchange does Bitmine now trade on?

The New York Stock Exchange.

What ticker does Bitmine use?

BMNR.

What asset sits at the center of Bitmine’s treasury strategy?

Ethereum.

Who did Bitmine name for open-market repurchases?

Cantor Fitzgerald.

This article has been refined and enhanced by ChatGPT.