Bitmine Immersion Technologies began trading on the New York Stock Exchange on Thursday after moving up from NYSE American, while the company also raised its share buyback plan to $4 billion. The company kept its existing ticker, BMNR, for the new listing.
The Bitmine NYSE uplisting marks a key step for the Ethereum treasury company, which has focused on growing its position in the Ethereum market.
The move places BMNR stock on a larger exchange that has stricter listing standards than NYSE American.
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At the same time, Bitmine share buyback plans grew sharply. The board approved an increase in the company’s repurchase program from $1 billion to $4 billion, including shares already bought back under the program first announced in July 2025.
Bitmine NYSE uplisting moves BMNR stock to a larger market
Before the Bitmine NYSE uplisting, the company traded on NYSE American, which is often used by smaller and growing public companies.
Now, Bitmine Immersion Technologies trades on the main New York Stock Exchange, which gives it broader market exposure.
A move to the New York Stock Exchange also means a company has met tighter rules. Those standards cover financial condition, public share distribution, and corporate governance.
Therefore, the Bitmine NYSE uplisting shows the company passed a more demanding review process.
Tom Lee, chairman of Bitmine Immersion Technologies, commented on the move in a company statement. He said, “The NYSE is the most prestigious venerable stock exchange with a storied history.
The NYSE is the envy of capital markets around the world and Bitmine is proud to be the newest company traded on this exchange.”
New York Stock Exchange rules required Bitmine to meet stricter standards
The New York Stock Exchange requires companies to satisfy several listing conditions before trading begins. For example, a company must have more than 400 shareholders and at least 1.1 million publicly held shares.
Governance rules also matter in the New York Stock Exchange listing process. A majority of directors must be independent.
In addition, the company must have audit, compensation, and governance committees in place.
The process also includes a filing with the US Securities and Exchange Commission. After that, the exchange reviews the application before approving the listing. According to the details provided, that review usually takes about four to eight weeks.
Bitmine share buyback rises to $4 billion
Alongside the Bitmine NYSE uplisting, the company’s board unanimously approved a larger repurchase plan. The updated Bitmine share buyback program now stands at $4 billion, up from the earlier $1 billion level.
In the statement, Tom Lee said,
“Bitmine’s expanded $4 billion buyback reflects our commitment to shareholders.”
He also said there may be times when Bitmine shares trade below intrinsic value, and the company wants to be able to retire common shares when that happens.
The larger Bitmine share buyback comes as treasury-focused companies continue using repurchase programs as part of their capital strategy. Last September, analysts told Cointelegraph that treasury companies were using buybacks to support stock prices and strengthen legitimacy in the market.
BMNR stock remains down over the last six months
Despite the Bitmine NYSE uplisting and the larger Bitmine share buyback, BMNR stock has fallen sharply over a longer period. According to Google Finance, BMNR stock closed Thursday at $21.08.
That closing price leaves BMNR stock down more than 64% over the past six months. This decline gives more context to the decision to expand the repurchase program, as companies often buy back shares when they believe the market price is below internal value.
The New York Stock Exchange also welcomed the company publicly. Chris Taylor, chief development officer of NYSE Group, said,
“We are pleased to welcome Bitmine to the New York Stock Exchange. With its focus on advancing the Ethereum ecosystem, Bitmine is a strong addition to the NYSE community.”
Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: April 10, 2026 • 🕓 Last updated: April 10, 2026
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