BitMine, the Ethereum treasury company, approves a $1 billion stock buyback

BitMine Immersion Technologies, the largest Ethereum treasury company, has just approved a plan to buy back up to $1 billion in common stock. This plan has no fixed deadline, allowing the company to conduct stock buybacks periodically to support its Ethereum accumulation strategy.

Ambitious goals and flexible strategy

President #Bitmine , Tom Lee, reaffirmed the company's goal of staking and holding 5% of the total Ethereum supply. With 625,000 ETH (worth about $2.4 billion) already owned, BitMine is currently the largest Ethereum holder among public companies.

According to Lee, stock buybacks will be conducted when this is the "best expected yield" for the company's capital, in the context of the strong growth in the value of Ethereum.

BitMine is one of many companies that have shifted towards accumulating #Ethereum in their treasury to boost stock prices. Other companies like SharpLink, BitDigital, and GameSquare are also pursuing similar strategies. The emergence of ETH treasuries has been associated with the rising price of Ethereum in recent weeks.

Although BitMine's stock closed at $32, down nearly 9% over the past month, it has still increased by as much as 357% since the beginning of 2025. This indicates that the market has great confidence in the company's long-term strategy. #anhbacong