Bitmine announces expansion of its stock buyback program to $4 billion.

Ethereum treasury company Bitmine announced that its common stock will begin trading on the New York Stock Exchange on April 9, 2026, under the ticker symbol "BMNR". In addition to the listing upgrade, Bitmine's board of directors unanimously approved expanding the company's 2025 stock buyback program, increasing the authorized total from $1 billion to $4 billion. Tom Lee stated that Bitmine's expansion of the $4 billion stock buyback program reflects its commitment to shareholders, as Bitmine's stock price may fall below its intrinsic value in the future, at which point it hopes to repurchase common stock at an added value. The buyback program, initially approved on July 25, 2025, will continue to be executed under its existing terms. Under an agreement with Cantor Fitzgerald & Co., the buybacks can be traded on the open market and comply with Section 10b-18 of the Securities Exchange Act of 1934. The $4 billion authorization includes all shares previously repurchased under the program. (PRNewswire)