Bitmine Immersion Technologies (NYSE: BMNR) Announces Uplisting to New York Stock Exchange and Expansion of Share Repurchase Program to $4 Billion

Rhea-AI Summary

Bitmine Immersion Technologies (NYSE: BMNR) announced its uplisting to the New York Stock Exchange effective April 9, 2026 and an expansion of its 2025 share repurchase program to $4.0 billion. The company reported $11.4 billion in combined crypto, cash and other holdings, including 4.803 million ETH (3.98% of supply).

The buyback authorization replaces prior repurchases and may be executed under Rule 10b-18; the company said the program supports its stated goal of acquiring 5% of ETH supply.

Positive

• NYSE uplisting completed April 9, 2026
• $4.0B expanded share repurchase authorization for 2025
• $11.4B total crypto, cash and other holdings; 4.803M ETH (3.98% supply)

Negative

• Concentrated crypto exposure: 3.98% of ETH supply held by the company

News Market Reaction – BMNR

-2.04%

-2.04% Session close to close

In the Apr 9 session, BMNR declined 2.04%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement combines a NYSE uplisting with a substantial expansion of Bitmine’s 2025 share rep...

Analysis

This announcement combines a NYSE uplisting with a substantial expansion of Bitmine’s 2025 share repurchase authorization to $4.0 billion, supported by a crypto‑heavy treasury totaling $11.4 billion and 4.803 million ETH (about 3.98% of supply). Historically, a prior $1 billion buyback announcement in 2025 was followed by a -8.86% move, highlighting that market reception can diverge from headline size. Investors may watch actual buyback execution, ETH accumulation toward the 5% goal, and further SEC filings for signals on capital deployment.

Key Figures

Share repurchase authorization: $4.0 billion Original repurchase authorization: $1.0 billion Crypto + cash + moonshots: $11.4 billion +5 more

8 metrics

Share repurchase authorization $4.0 billion Total 2025 buyback authorization after expansion

Original repurchase authorization $1.0 billion Initial 2025 buyback program size before increase

Crypto + cash + moonshots $11.4 billion Total holdings including crypto and cash, as of April 6, 2026

ETH holdings 4.803 million ETH tokens Ethereum tokens held as part of treasury

Cash holdings $864 million Total cash within Bitmine’s holdings

ETH supply share 3.98% Portion of total Ethereum supply held by Bitmine

ETH accumulation goal 5% of ETH supply Stated ‘Alchemy of 5%’ target for ETH ownership

Progress toward ETH goal Over 79% Proportion of the way toward 5% ETH ownership target

Previous Crypto,buybacks Reports

1 past event · Latest: Jul 29 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 29	Buyback announcement	Positive	-8.9%	Board approved a $1 billion stock repurchase with large crypto treasury.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The prior combined crypto/buyback announcement in Jul 2025 saw a negative -8.86% reaction despite a large authorization, contrasting with today’s positive move.

Recent Company History

Over the past year, Bitmine has repeatedly highlighted its growing Ethereum‑focused treasury and shareholder‑return plans. In Jul 2025, the company announced a $1 billion stock repurchase program alongside substantial crypto and cash holdings, but the stock fell -8.86% over the next day. Since then, filings show continued expansion of ETH holdings and staking initiatives. Today’s NYSE uplisting and expansion of the buyback to $4.0 billion build directly on that strategy by pairing a larger capital‑return plan with a higher‑profile listing.

Key Terms

rule 10b-18

1 terms

rule 10b-18 regulatory

"Repurchases may be executed through open market transactions in accordance with Rule 10b-18 under the Securities Exchange Act of 1934"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Joining NYSE "Big Board" represents a major milestone for Bitmine, the world's largest holder of Ethereum

Bitmine now owns 3.98% of the ETH token supply, over 79% of the way to the 'Alchemy of 5%' in just 9 months

Bitmine Crypto + Total Cash Holdings + "Moonshots" total $11.4 billion, including 4.803 million ETH tokens, total cash of $864 million, and other crypto holdings

Bitmine leads crypto treasury peers by both the velocity of raising crypto NAV per share and by the high trading liquidity of BMNR stock

Bitmine remains supported by a premier group of institutional investors including ARK's Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas "Tom" Lee to support Bitmine's goal of acquiring 5% of ETH

NORWALK, Conn., April 9, 2026 /PRNewswire/ -- Bitmine Immersion Technologies, Inc. ("Bitmine" or the "Company") (NYSE: BMNR), a Bitcoin and Ethereum network company focused on long-term crypto asset accumulation, today announced its successful uplisting to the New York Stock Exchange ("NYSE"). The Company's common stock will begin trading on the NYSE at market open on April 9, 2026, under its existing ticker symbol "BMNR," following its transition from the NYSE American, where it ceased trading at the close of market on April 8, 2026.

"Today, Bitmine achieved a major milestone by being uplisted to the 'Big Board' NYSE. The NYSE is the most prestigious venerable stock exchange with a storied history. The NYSE is the envy of capital markets around the world and Bitmine is proud to be the newest company traded on this exchange," said Thomas "Tom" Lee, Chairman of Bitmine.

"We are pleased to welcome Bitmine to the New York Stock Exchange," said Chris Taylor, NYSE Group Chief Development Officer. "With its focus on advancing the Ethereum ecosystem, Bitmine is a strong addition to the NYSE community."

In addition to the uplisting, Bitmine's Board of Directors has unanimously approved an expansion of the Company's 2025 share repurchase program, increasing the total authorization from $1.0 billion to $4.0 billion. This buyback authorization is among the 10 largest buybacks announced in 2026, according to data provided by Fundstrat.com.

"Bitmine's expanded $4 billion buyback reflects our commitment to shareholders," stated Lee. "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."

The repurchase program, originally approved on July 25, 2025, will continue under its other existing terms. Repurchases may be executed through open market transactions in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, pursuant to the Company's agreement with Cantor Fitzgerald & Co. The $4.0 billion authorization includes any shares previously repurchased under the program.

Bitmine continues to execute aggressively on its digital asset accumulation strategy. As of April 6, 2026, the Company held approximately 4.803 million ETH, representing 3.98% of the total Ethereum supply and over 79% of the way toward its stated goal of the 'Alchemy of 5%.'

The Chairman's message can be found here: https://www.Bitminetech.io/chairmans-message

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/

To stay informed, please sign up at: https://Bitminetech.io/contact-us/

About Bitmine

Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.

For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat

Forward Looking Statements

This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding: (i) progress and achievement of the Company's goals regarding ETH acquisition, including the 'Alchemy of 5%' initiative and the long-term value of Ethereum; (ii) continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company; (iii) the Company's share repurchase program, including statements regarding shares trading below intrinsic value, the Company's ability to accretively retire common shares, and the execution of repurchases through open market transactions; (iv) the Company's digital asset accumulation strategy and staking operations, including MAVAN; and (v) the Company's financial flexibility to support its treasury operations and expanded repurchase authorization. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine's ability to keep pace with new technology and changing market needs; Bitmine's ability to finance its current business, Ethereum treasury operations, share repurchase program, and proposed future business; the competitive environment of Bitmine's business; market conditions affecting the trading price of the Company's common stock; regulatory developments affecting digital assets; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine's control, including those set forth in the Risk Factors section of Bitmine's Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine's filings with the SEC are available on the SEC's website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bitmine-immersion-technologies-nyse-bmnr-announces-uplisting-to-new-york-stock-exchange-and-expansion-of-share-repurchase-program-to-4-billion-302737742.html

SOURCE Bitmine Immersion Technologies, Inc.

FAQ

When did Bitmine (BMNR) begin trading on the NYSE?

Bitmine began trading on the NYSE at market open on April 9, 2026. According to the company, the uplisting followed cessation of trading on NYSE American at the close on April 8, 2026 and retains the ticker BMNR.

What is the size and scope of Bitmine's expanded buyback program for 2025?

Bitmine expanded its 2025 repurchase authorization to $4.0 billion. According to the company, the authorization includes any shares already repurchased and may be executed via open market transactions under Rule 10b-18.

How much crypto and cash does Bitmine (BMNR) report holding as of April 6, 2026?

Bitmine reported total crypto, cash and other holdings of $11.4 billion. According to the company, this includes 4.803 million ETH and approximately $864 million in cash.

What percentage of Ethereum supply does Bitmine (BMNR) hold and what is its target?

Bitmine holds approximately 3.98% of total Ethereum supply and is over 79% toward a stated 5% goal. According to the company, the figure is measured as of April 6, 2026 and aligns with its accumulation strategy.

How will Bitmine execute the share repurchases announced with the $4.0 billion authorization?

Repurchases may be executed through open market transactions pursuant to Rule 10b-18. According to the company, the program will proceed under existing terms and via the firm's agreement with Cantor Fitzgerald & Co.

Which notable investors does Bitmine (BMNR) cite as supporters following the uplisting?

Bitmine identified institutional and personal investors including ARK's Cathie Wood, Founders Fund, Pantera, Kraken and Thomas "Tom" Lee. According to the company, these supporters back its goal of further Ethereum accumulation.