Bitmine Listens on NYSE, Boosts Ethereum Holdings and Announces $4B Buyback

TLDR

• Bitmine started trading on the NYSE Thursday, following its departure from NYSE American the previous Wednesday.
• As of this Monday, Bitmine reported holding 4.803 million ETH.
• Bitmine’s board increased its share repurchase authorization from $1 billion to $4 billion.
• In the week ending April 5, Bitmine acquired 71,252 ETH—its largest weekly purchase of the cryptocurrency since December.
• As of April 6, Bitmine had 3,334,637 ETH staked and claims to lead all entities in staked ETH.

(SeaPRwire) –   Tom Lee’s Bitmine has linked its latest corporate move to a broader Ethereum treasury strategy. The firm announced its shares began trading on the New York Stock Exchange Thursday, while its board approved an expanded share repurchase plan. The update also revealed a sharp rise in ETH holdings and staking activity.

Bitmine transitions to the NYSE and expands its buyback plan

Bitmine stated it uplisted from NYSE American to the New York Stock Exchange. Trading on its former exchange concluded at Wednesday’s close, and the company’s shares started trading on the NYSE Thursday. This move places Bitmine on a larger U.S. exchange.

Chairman Tom Lee tied this step to the company’s growth plans. He said, ”Today, Bitmine achieved a major milestone by being uplisted to the ‘Big Board’ NYSE.” He also called the NYSE a prestigious, long-standing exchange. The company included that statement in its announcement.

LATEST: BitMine has uplisted to the NYSE and expanded its share buyback program to $4 billion. pic.twitter.com/g4EM4CiGIT

— CoinMarketCap (@CoinMarketCap) April 9, 2026

Bitmine also noted its board unanimously approved a higher repurchase limit, raising the authorization from $1 billion to $4 billion. The revised plan includes shares already bought under the earlier program, and Bitmine said it will execute the plan via open market purchases under Rule 10b-18.

Cantor Fitzgerald is connected to the repurchase plan through an agreement with Bitmine. The original program was approved on July 25, 2025, and the expanded program now ranks among the top buybacks announced in 2026, per a Fundstrat ranking cited by the company.

ETH holdings increase following the company’s largest weekly purchase since December

Bitmine purchased 71,252 ETH in the week ending April 5—its biggest weekly ETH buy since December, the company reported. After this acquisition, total holdings reached 4.803 million ETH, which Bitmine valued at more than $10 billion at current prices.

These holdings represent about 3.98% of Ethereum’s total supply, giving Bitmine one of the largest known ETH positions among public companies. The update shows Bitmine continued buying ETH over the past four weeks, with its purchase pace remaining elevated during that period.

Tom Lee referenced recent market conditions in a separate statement. He said, ”Bitmine has maintained the increased pace of ETH buys in each of the past four weeks.” He added the company’s base case is that ETH is near the end of a ”mini-crypto winter.” That comment was made earlier in the week.

Bitmine’s latest filing and statement focus on treasury growth rather than mining alone. Ethereum has been a core part of the company’s balance sheet plan, and the new NYSE listing may draw more attention to this strategy. Meanwhile, the buyback plan adds another capital allocation tool.

Staked ETH position adds another dimension to Bitmine’s crypto strategy

Bitmine also provided an update on its staked Ethereum balance. As of April 6, the company reported 3,334,637 staked ETH, valued at about $7.1 billion using a price of $2,123 per token. Bitmine said no other entity holds more staked ETH.

This staking balance makes up a large part of Bitmine’s overall ETH position. It also shows the company isn’t just holding tokens in reserve—instead, it’s putting a significant share of its Ethereum into staking. This approach can generate yield while maintaining exposure to ETH.

The company did not announce changes to its broader operating model in this update. Still, the figures point to a business built around public equity access and digital asset accumulation. The NYSE move and buyback plan support this structure, while the ETH and staking totals reflect its current scale.