Bitmine Moves To NYSE With 4.8M ETH On Hand And Board Clears a $4B Buyback

TLDR

• Bitmine began trading on the NYSE on Thursday after leaving NYSE American on Wednesday.
• The company said it held 4.803 million ETH as of Monday this week.
• Bitmine’s board raised its share repurchase authorization from $1 billion to $4 billion.
• The company added 71,252 ETH in the week ending April 5, its largest weekly ETH buy since December.
• Bitmine reported 3,334,637 staked ETH as of April 6 and said it leads all entities in staked ETH.

Tom Lee’s Bitmine has tied its latest corporate move to a larger Ethereum treasury strategy. The company said its shares started trading on the New York Stock Exchange on Thursday. At the same time, its board approved a larger share repurchase plan. The update also showed a sharp rise in ETH holdings and staking activity.

Bitmine shifts to the NYSE and expands its buyback plan

Bitmine said it uplisted to the New York Stock Exchange from the NYSE American. Trading on the prior exchange ended at Wednesday’s close. The company’s shares then began trading on the NYSE on Thursday. That move places Bitmine on a larger U.S. exchange.

Chairman Tom Lee linked the 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 exchange with a long history. The company included that statement in its announcement.

Bitmine also said its board unanimously approved a higher repurchase limit. The company raised the authorization from $1 billion to $4 billion. The revised plan includes shares already bought under the earlier program. Bitmine said the plan runs through open market purchases under Rule 10b-18.

Cantor Fitzgerald is tied to the repurchase plan through an agreement with the company. Bitmine said the original program was approved on July 25, 2025. The company added that the larger program now ranks among the top buybacks announced in 2026. It cited a Fundstrat ranking in that statement.

ETH holdings grow after the company’s biggest weekly purchase since December

Bitmine said it bought 71,252 ETH in the week ending April 5. The company described that as its largest weekly ETH purchase since December. After that increase, total holdings reached 4.803 million ETH. At current prices, Bitmine valued that amount at more than $10 billion.

The company said those holdings represent about 3.98% of Ethereum’s total supply. That figure gives Bitmine one of the largest known ETH positions among public companies. The update shows that Bitmine kept buying ETH over the last four weeks. Its pace of purchases has remained elevated during that period.

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

The company’s latest filing and statement focus on treasury growth rather than mining alone. Bitmine has used Ethereum as a core part of its balance sheet plan. The new NYSE listing may draw more attention to that strategy. At the same time, the buyback plan adds another capital allocation tool.

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

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

That staking balance forms a large part of Bitmine’s overall ETH position. It also shows that the company is not only holding tokens in reserve. Instead, it is putting a large share of its Ethereum into staking. That approach can generate yield while keeping exposure to ETH.

The company did not announce a change 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 the buyback plan support that structure. The ETH and staking totals show its current scale.

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