On April 9, shares of BitMine Immersion Technologies began trading on the New York Stock Exchange (NYSE).
A major milestone for Bitmine today 🎉 $BMNR is uplisting to the 'Big Board' @NYSE, a hallowed and iconic exchange and the envy of capital markets around the world https://t.co/WUnGw4YoJW pic.twitter.com/fCtd09dhKm
— Bitmine (NYSE-BMNR) $ETH (@BitMNR) April 9, 2026
At the end of the last session, the company's shares closed at $21.08, down 2.04%.
Source: Yahoo Finance.BitMine's Chairman, Tom Lee, described the listing as a significant milestone for the company, noting that the NYSE is one of the leading exchanges globally.
The exchange primarily features small and growing firms. To list on the NYSE, a company must meet strict criteria: transparent reporting, sound stock distribution, and corporate governance.
Requirements include having over 400 shareholders and 1.1 million shares in free circulation, an independent majority on the board of directors, as well as audit, compensation, and governance committees.
One of the final steps was submitting a registration statement to the SEC. The review process typically takes four to eight weeks.
NYSE Group's Chief Development Officer, Chris Taylor, called BitMine "a strong addition to the exchange":
"The company's focus on developing the Ethereum ecosystem fits seamlessly into our platform's community."
NYSE is actively developing products related to digital assets. In January, the exchange announced a platform for trading tokenized stocks. To implement this initiative, the company partnered with Securitize, which focuses on RWA.
Share Buyback Program
Meanwhile, BitMine's board unanimously approved an expansion of its share buyback program from $1 billion to $4 billion.
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— Bitmine (NYSE-BMNR) $ETH (@BitMNR) April 9, 2026
Bitmine also increased the buyback program to $4 billion (from $1 billion)
— This buyback is among the 10 largest announced in 2026
— In the future, there may be a time when $BMNR is trading below intrinsic value
— The buyback enables the company to accretively… pic.twitter.com/XKt8YmQDSH
"This is our bet on shareholders. We want to be ready to buy back shares at a profit if their price falls below fair value," commented Lee.
The program was first approved in July 2025 and will continue under the same terms. The company can repurchase shares on the open market, adhering to Rule 10b-18 and an agreement with Cantor Fitzgerald & Co. The $4 billion limit includes shares already repurchased.
On April 6, BitMine reported purchasing 71,252 ETH worth $152 million over the week. The company's Ethereum treasury has reached 4.8 million ETH valued at $11.4 billion.
