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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 commitment to digital asset growth and investor confidence in the evolving crypto market.
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- Qadir AK
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jul 29, 2025 12:27 UTC
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BitMine Launches $1B Stock Buyback to Support ETH Growth
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