Bitmine Immersion Technologies (NYSE:BMNR) began trading on the New York Stock Exchange on Thursday and expanded its share repurchase authorization to $4 billion from $1 billion, yet shares slipped 2% on debut day.
The NYSE Uplisting
Bitmine moved from the NYSE American to the New York Stock Exchange, where shares ceased trading on the NYSE American at Wednesday’s close.
“Today, Bitmine achieved a major milestone by being uplisted to the ‘Big Board’ NYSE. The NYSE is the most prestigious stock exchange with a storied history,” Chairman Tom Lee said.
Bitmine is now the 96th most traded stock in the U.S. with average daily volume of $987 million, ranking between Schlumberger (NYSE:SLB) and Adobe (NASDAQ:ADBE).
The $4 Billion Buyback
Bitmine’s board unanimously approved an increase to its 2025 share repurchase authorization from $1 billion to $4 billion.
The revised program ranks among the 10 largest buybacks announced …Full story available on Benzinga.com
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