BitMine Immersion Launches $1 Billion Stock Repurchase Program
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Description
BitMine Immersion Technologies, which has transitioned from Bitcoin (BTC) mining to focusing on Ethereum (ETH), is launching a stock buyback program. According to a press release , the company plans to buy back up to $1 billion of its outstanding common stock. BitMine Holds Over 600K Ethereum As of July 28, BitMine has 121,739,533 common shares available, and each share has a net asset value (NAV) of $22.76 based on its cash and crypto assets. Notably, the company can repurchase shares as needed...
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