The post BitMine Launches $1B Stock Buyback to Support ETH ($3,886.32) Growth appeared first on Coinpedia Fintech News
BitMine (BMNR) announced a stock buyback plan worth up to $1 billion to strengthen shareholder value and support its long-term Ethereum accumulation. The company currently holds 625,000 ETH, 192 BTC ($109,964.00), and $401 million in cash. BitMine’s chairman emphasized that the buyback aligns with their strategy to grow Ethereum holdings while optimizing capital structure. This move reinforces their commitment to digital asset growth and investor confidence in the evolving crypto market.
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