BitMine Bets Big: $1B Buyback Follows $2.3B ETH Hoard – A 5% Ethereum Grab in Sight?
BitMine Immersion Technologies (BMNR) has kicked off a $1 billion stock buyback program as its Ethereum (ETH) holdings soar past 625,000 ETH, worth $2.3 billion, cementing its position as the largest corporate holder of the asset to date. The company’s open-ended buyback, revealed July 29, allows it to repurchase shares via open-market or private deals,…
