Tom Lee's Bitmine uplists to NYSE, expands buyback authorization to $4 billion
CoinDesk·2h ago·Positivity
What Happened
Bitmine Immersion Technologies moved from NYSE American to the New York Stock Exchange on Thursday. The company increased its share repurchase program authorization to $4 billion from $1 billion. Bitmine holds approximately 4.8 million ETH, representing 3.98% of total supply, targeting 5%. The company's stock has declined roughly 90% since last summer. Bitcoin traded above $72,000 during Thursday's session.
Key Entities
Bitmine Immersion TechnologiesNYSETom LeeFundstratETHBitcoin$4 billion buybackNYSE American