BitMine to Move Listing to NYSE, Expand Buyback Program to $4 Billion
Summary
- BitMine said it will transfer its listing from Nasdaq to the New York Stock Exchange (NYSE).
- BitMine said it will expand its share repurchase program to $4 billion from $1 billion.
- BitMine said it holds about 4.803 million Ether (ETH), equal to 3.98%% of total supply.
Forecast Trend Report by Period
BitMine, the world’s largest corporate holder of Ether, said it will transfer its listing from Nasdaq to the New York Stock Exchange.
The company said on Aug. 9 it will begin trading on the NYSE under the ticker BMNR. Tom Lee, BitMine’s chairman, called the move an important milestone for the company and described the NYSE as the world’s largest stock exchange with a long history and strong standing.
BitMine also announced that its board unanimously approved an expansion of its share repurchase program. The buyback authorization will increase fourfold to $4 billion from $1 billion.
BitMine’s Ether holdings totaled about 4.803 million tokens as of this month, equivalent to 3.98% of total Ether supply.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
