BitMine Immersion Sets Up to $1B Buyback as Share Price Cools

BitMine Starts $1B Buyback After $2.3B ETH Hoard – Eyes 5%

BitMine has revealed a $1 billion stock buyback plan, backed by its large holdings of Ethereum and more than $400 million in cash.

BitMine Immersion Sets Up to $1B Buyback as Share Price Cools

Ether treasury firm BitMine Immersion Technologies (BMNR) has said it will repurchase up to $1 billion of its outstanding shares as part of a new open-ended buyback program approved by its board.The move comes as BitMine’s crypto and cash holdings have ballooned to $2.77 billion, including 625,000 ETH valued at $2.35 billion and 192 bitcoin. The firm also holds $401.4 million in unencumbered cash, according to a press release.The repurchase plan…

BitMine Immersion (BMNR) Announces $1 Billion Stock Repurchase Program

/PRNewswire/ -- (NYSE AMERICAN: BMNR) BitMine Immersion Technologies ("BitMine" or the "Company") today announced that its Board of Directors has approved a...

Tom Lee's Ethereum treasury announces stock buyback worth $1b

Tom Lee’s Ethereum-centered treasury firm, Bitmine Immersion, has announced its stock repurchase program to buyback up to $1 billion of the company’s common stock. According to the official press release, the new stock buyback plan would allow Bitmine Immersion to…

Tom Lee's Ethereum Treasury BitMine Approves $1 Billion Stock Buyback

The largest Ethereum treasury firm, which holds more than $2 billion worth of ETH, announced the repurchase plan that will be open-ended, allowing periodic buybacks of its common stock.

BitMine’s $1B repurchase plan favors shares over more ETH — for now – MAXBIT

With its stock trading below net asset value, BitMine has chosen to focus on buybacks instead of further growing its ETH reserve. BitMine Immersion (BMNR), a Bitcoin mining company and Ethereum’s largest publicly traded holder, has announced the approval of an open-ended $1 billion stock buyback program to repurchase its outstanding shares through open market...