The largest Ethereum treasury BitMine has gone public on the NYSE - ForkLog: cryptocurrencies, AI, singularity, the future

# The largest Ethereum treasury BitMine has gone public on the NYSE

On April 9, the 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 worldhttps://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 Chairman of BitMine Tom Lee called the listing an important milestone in the company’s development. He reminded that NYSE is one of the leading exchanges in the world

The platform mainly features small and growing companies. To list on the NYSE, a company must meet strict criteria: transparent reporting, proper share distribution, and corporate governance

Among the requirements: more than 400 shareholders and 1.1 million shares in free float, an independent majority on the board of directors, as well as audit, compensation, and governance committees.

One of the latest steps is submitting a registration statement to the SEC. The review process usually takes from four to eight weeks

Chief Development Officer of NYSE Group Chris Taylor called BitMine “a strong addition to the exchange”:

“The company’s focus on developing the Ethereum ecosystem naturally fits into our 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, the BitMine board of directors unanimously approved expanding the share buyback program from $1 billion to $4 billion

2/
Bitmine also increased the buyback program to $4 billion (from $1 billion)

— The stock buyback is among the 10 largest announced in 2026
— In the future, there may be a time $BMNR when it is trading below intrinsic value
— The buyback enables the company to accretively… pic.twitter.com/XKt8YmQDSH

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

“This is our commitment to shareholders. We want to be ready to buy back shares profitably if their price falls below fair value,” — Lee commented.

The program was first approved in July 2025. It will continue to operate under the same conditions. The company can buy back shares on the open market, following Rule 10b-18 and an agreement with Cantor Fitzgerald & Co. The limit of $4 billion includes previously repurchased shares.

Recall that on April 6, BitMine reported purchasing 71,252 ETH worth $152 million in a week. The company’s Ethereum treasury reached 4.8 million ETH valued at $11.4 billion