The publicly traded company BitMine announced a $1 billion stock buyback plan

ChainCatcher news, according to PR Newswire, BitMine Immersion Technologies today announced that its board has approved a stock repurchase plan to buy back $1 billion worth of the company's outstanding common stock.

As of July 28, 2025, BitMine holds 625,000 Ethereum (ETH), with a total value of approximately $2.35 billion, and also holds 192 Bitcoin (BTC), with a total value of approximately $22.68 million. The company currently has over $401.4 million in cash without any liabilities.