Bitmine Uplists to NYSE with 4.8M ETH and a $4 Billion Buyback

Highlights:

• Bitmine has uplisted to the NYSE and will begin trading on the exchange’s main board today.
• The board also lifted the share buyback program to $4 billion, one of 2026’s largest authorizations.
• Bitmine currently holds 4.803 million ETH, moving past 79% of its 5% supply target.

Bitmine Immersion Technologies, the largest Ethereum treasury firm, will begin trading on the New York Stock Exchange under its existing ticker symbol BMNR today. The stock moves from the NYSE American to the main board, lifting the company’s visibility. At the same time, Bitmine lifted its 2025 share repurchase authorization from $1 billion to $4 billion, pairing its exchange debut with one of 2026’s largest announced buybacks.

A Bigger Stage for an Ethereum Treasury Story

The company framed the listing as a milestone for its crypto treasury strategy. Bitmine terms this setting as more than a technical transfer. Instead, the move supports a wider push to offer Ethereum exposure through a public stock.

Chairman Thomas Lee called the NYSE debut a major moment for the company. Meanwhile, NYSE officials welcomed Bitmine as a new member of the exchange community. Their comments highlighted Bitmine’s focus on the Ethereum ecosystem.

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 worldhttps://t.co/WUnGw4YoJW pic.twitter.com/fCtd09dhKm

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) April 9, 2026

Bitmine said total crypto and cash holdings reached $11.4 billion as of early April. This figure includes 4.803 million ETH, $864 million in cash, 198 BTC, and smaller positions in other assets. Notably, the company said its Ethereum balance equals 3.98% of the token’s circulating supply. This leaves Bitmine nearly 80% of the way toward its goal of owning 5% of the ETH supply.

Buyback Decision Adds Another Capital Markets Signal

Alongside the uplisting, the board approved an increase in the share repurchase program first adopted in July last year. The authorization now stands at $4 billion and includes shares already repurchased. The statement noted that Cantor Fitzgerald will handle open-market purchases under Rule 10b-18.

Bitmine trades with notable liquidity, with BMNR ranking among the most actively traded stocks in the United States, with average daily volume near $987 million. Therefore, Bitmine is uplisting to the NYSE at a time when investor attention and trading depth support the story. Bitmine has backing from Cathie Wood, Founders Fund, Pantera, Kraken, DCG, Galaxy Digital, and Bill Miller III.

Fresh ETH Buying Keeps Pace with Treasury Goal

The company also announced on Monday that it bought 71,252 ETH during the latest week. The purchase marked its largest weekly pace since late December last year and pushed total holdings above 4.8 million ETH. Moreover, the new purchases reinforce Bitmine’s position as the largest public Ethereum treasury.

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BitMine provided its latest holdings update for April 6, 2026:

$11.4 billion in total crypto + "moonshots":
– 4,803,334 ETH at $2,123 per ETH (@coinbase)
– 198 Bitcoin (BTC)
– $200 million stake in Beast Industries @MrBeast
– $92 million stake…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) April 6, 2026

Lee said Ethereum ranked among the strongest assets during the recent conflict-driven market period. Specifically, he noted that ETH gained 6.8% in the past six weeks and outperformed both the S&P 500 and gold. Moreover, Bitmine’s case for Ethereum extends beyond short-term price moves. The company links its treasury strategy to tokenization trends and rising blockchain demand from AI systems.

Meanwhile, Bitmine has built a large staking operation around those holdings. Through its MAVAN validator network, the company has staked about 3.33 million ETH, or roughly 69% of its treasury. Bitmine said that position generates about $196 million in annualized staking revenue. It also projects that annual staking revenue could reach $282 million when it stakes the full ETH balance.

Ethereum’s token, ETH, is currently trading around $2,170, down by 1.20% over the last 24 hours. Both its market cap and trading volume have declined to $260 billion and $14 billion, respectively. This pullback follows the broader market downturn amid the ongoing geopolitical tensions in the US-Iran war.