{"id":39336,"date":"2025-07-29T13:17:46","date_gmt":"2025-07-29T13:17:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39336"},"modified":"2025-07-29T13:17:46","modified_gmt":"2025-07-29T13:17:46","slug":"bitmine-immersion-sets-up-to-1b-buyback-as-share-price-cools","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39336","title":{"rendered":"BitMine Immersion Sets Up to $1B Buyback as Share Price Cools"},"content":{"rendered":"<div>\n<p>Ether treasury firm BitMine Immersion Technologies (BMNR) has said it will repurchase up to $1 billion of its outstanding shares as part of a new open-ended buyback program approved by its board.<\/p>\n<p>The move comes as BitMine\u2019s crypto and cash holdings have ballooned to $2.77 billion, including 625,000 ETH valued at $2.35 billion and 192 bitcoin. The firm also holds $401.4 million in unencumbered cash, according to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-bmnr-announces-1-billion-stock-repurchase-program-302515955.html\">press release.<\/a><\/p>\n<p>The repurchase plan would likely be leveraged once the company&#8217;s share price drops sizably below the net asset value per share, currently estimated at $22.76. Down another 9.2% in premarket action, the stock is currently changing hands at $31.70, off from a bubbly high of $161 about three weeks ago.<\/p>\n<p>The announcement comes amid what Chairman Thomas Lee described as the firm\u2019s pursuit of \u201cthe alchemy of 5%,\u201d a reference to BitMine\u2019s long-term ambition to<a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/24\/ether-surges-4-as-eth-treasury-firm-bitmine-steps-up-bid-to-acquire-5-of-supply\"> accumulate 5% of ETH\u2019s supply.<\/a><\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/29\/ark-invest-buys-the-dip-on-ether-strategy-firm-bitmine-with-usd18-6m-purchase\">ARK Invest Buys the Dip on Ether Strategy Firm BitMine With $18.6M Purchase<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ether treasury firm BitMine Immersion Technologies (BMNR) has said it will repurchase up to $1 billion of its outstanding shares as part of a new open-ended buyback program approved by its board. The move comes as BitMine\u2019s crypto and cash holdings have ballooned to $2.77 billion, including 625,000 ETH valued at $2.35 billion and 192 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39336","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39336"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39336\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}