BitMine Launches $1B Stock Buyback to Support ETH Growth
Main Idea
BitMine (BMNR) announced a $1 billion stock buyback plan, highlighting its strategy to grow Ethereum holdings and optimize capital structure.
Key Points
1. BitMine announced a stock buyback plan worth up to $1 billion.
2. The company currently holds 625,000 ETH, 192 BTC, and $401 million in cash.
3. BitMine’s chairman stated the buyback aligns with their strategy to grow Ethereum holdings and optimize capital structure.
Description
The post BitMine Launches $1B Stock Buyback to Support ETH 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, 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 comm...
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