BitMine Immersion (BMNR) Announces $1 Billion Stock Repurchase Program
BitMine Immersion (NYSE AMERICAN: BMNR) has announced a significant $1 billion stock repurchase program approved by its Board of Directors. The company, which holds substantial crypto assets including 625,000 ETH tokens valued at $2.35 billion and 192 Bitcoin valued at $118,021 per BTC, will execute the open-ended buyback through open market and negotiated transactions.
The company maintains a strong financial position with $401.4 million in unencumbered cash and a total net asset value (NAV) of $22.76 per share. With 121.7 million fully diluted shares outstanding, BitMine's combined crypto and cash holdings amount to $2.77 billion.
BitMine Immersion (NYSE AMERICAN: BMNR) ha annunciato un importante programma di riacquisto azionario da 1 miliardo di dollari approvato dal suo Consiglio di Amministrazione. La societ脿, che detiene ingenti asset cripto inclusi 625.000 token ETH del valore di 2,35 miliardi di dollari e 192 Bitcoin valutati a 118.021 dollari per BTC, eseguir脿 il riacquisto a tempo indeterminato tramite acquisti sul mercato aperto e transazioni negoziate.
L鈥檃zienda mantiene una solida posizione finanziaria con 401,4 milioni di dollari in liquidit脿 libera da vincoli e un valore patrimoniale netto (NAV) di 22,76 dollari per azione. Con 121,7 milioni di azioni completamente diluite in circolazione, le partecipazioni combinate in criptovalute e liquidit脿 di BitMine ammontano a 2,77 miliardi di dollari.
BitMine Immersion (NYSE AMERICAN: BMNR) ha anunciado un significativo programa de recompra de acciones por 1.000 millones de d贸lares aprobado por su Junta Directiva. La compa帽铆a, que posee importantes activos cripto incluyendo 625,000 tokens ETH valorados en 2.350 millones de d贸lares y 192 Bitcoin valorados en 118,021 d贸lares por BTC, llevar谩 a cabo la recompra indefinida mediante transacciones en el mercado abierto y negociadas.
La empresa mantiene una s贸lida posici贸n financiera con 401,4 millones de d贸lares en efectivo sin grav谩menes y un valor neto de activos (NAV) de 22,76 d贸lares por acci贸n. Con 121,7 millones de acciones totalmente diluidas en circulaci贸n, las tenencias combinadas de cripto y efectivo de BitMine suman 2,77 mil millones de d贸lares.
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BitMine Immersion (NYSE AMERICAN : BMNR) a annonc茅 un important programme de rachat d鈥檃ctions d鈥檜n milliard de dollars approuv茅 par son conseil d'administration. La soci茅t茅, qui d茅tient d鈥檌mportants actifs cryptographiques comprenant 625 000 tokens ETH d鈥檜ne valeur de 2,35 milliards de dollars et 192 Bitcoins 茅valu茅s 脿 118 021 dollars par BTC, r茅alisera ce rachat 脿 dur茅e ind茅termin茅e via des transactions sur le march茅 ouvert et n茅goci茅es.
L鈥檈ntreprise maintient une solide position financi猫re avec 401,4 millions de dollars en liquidit茅s non grev茅es et une valeur nette d鈥檃ctif (VNA) de 22,76 dollars par action. Avec 121,7 millions d鈥檃ctions enti猫rement dilu茅es en circulation, les avoirs combin茅s en cryptomonnaies et liquidit茅s de BitMine s鈥櫭﹍猫vent 脿 2,77 milliards de dollars.
BitMine Immersion (NYSE AMERICAN: BMNR) hat ein bedeutendes Aktienr眉ckkaufprogramm in H枚he von 1 Milliarde US-Dollar angek眉ndigt, das vom Vorstand genehmigt wurde. Das Unternehmen, das bedeutende Krypto-Assets h盲lt, darunter 625.000 ETH-Token im Wert von 2,35 Milliarden US-Dollar und 192 Bitcoin, bewertet mit 118.021 US-Dollar pro BTC, wird den unbefristeten R眉ckkauf 眉ber den offenen Markt und verhandelte Transaktionen durchf眉hren.
Das Unternehmen verf眉gt 眉ber eine starke finanzielle Position mit 401,4 Millionen US-Dollar an unbelastetem Bargeld und einem Nettoverm枚genswert (NAV) von 22,76 US-Dollar pro Aktie. Mit 121,7 Millionen vollst盲ndig verw盲sserten Aktien im Umlauf belaufen sich BitMines kombinierte Krypto- und Barbest盲nde auf 2,77 Milliarden US-Dollar.
- Substantial $1 billion stock repurchase program announced
- Strong crypto portfolio with 625,000 ETH tokens ($2.35 billion) and 192 BTC
- Healthy cash position with $401.4 million in unencumbered cash
- High net asset value of $22.76 per share
- Large capital allocation to buybacks may reduce funds available for operational growth
- Significant exposure to crypto market volatility through large ETH and BTC holdings
BMNR crypto and unencumbered cash total
BMNR total ETH of 625,000 tokens at
BMNR fully diluted commons shares of 121.7 million
"In our road to achieving 'the alchemy of
The company has in excess of
As of July 28th at 10:45pm ET, the company's听ETH holdings total 625,000 tokens at
As of July 28th, the current fully diluted common shares outstanding is 121,739,533.
The combined net asset value (NAV per share) of cash and crypto is
The company recently released a corporate presentation, which can be found here:
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About BitMine
BitMine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine's operations are located in low-cost energy regions in
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Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including BitMine's ability to keep pace with new technology and changing market needs; BitMine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of BitMine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine's control, including those set forth in the Risk Factors section of BitMine's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on April 3, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of BitMine's filings with the SEC are available on the SEC's website at . BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE BitMine Immersion Technologies, Inc.
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