Odaily Planet Daily reports that Ethereum treasury company Bitmine has announced that its common stock will begin trading on the New York Stock Exchange at market open on April 9, 2026, under the ticker symbol “BMNR.” In addition to the listing upgrade, Bitmine’s board of directors unanimously approved an expansion of the company’s 2025 stock repurchase program, increasing the authorized amount from $1 billion to $4 billion.
Tom Lee stated that Bitmine’s expansion of its $4 billion share repurchase program reflects its commitment to shareholders, and that in the future, Bitmine’s stock price may trade below its intrinsic value, at which point the company aims to repurchase common shares in a value-enhancing manner. The repurchase program was initially approved on July 25, 2025, and will continue under its existing terms. Pursuant to an agreement with Cantor Fitzgerald & Co., repurchases may be conducted through open market transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The $4 billion authorization includes all shares previously repurchased under the program. (PRNewswire)