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Barchart
Wajeeh Khan

BitMine Immersion Just Announced a $1 Billion Share Repurchase Plan. How Should You Play the Bitcoin Treasury Stock Here?

Bitmine Immersion Technologies (BMNR) is in focus today after the Ethereum (ETHUSD) treasury firm announced plans to repurchase up to $1 billion worth of its stock. 

The announced buyback plan is “open-ended” meaning the company will repurchase shares from time to time and in negotiated transactions, as per its press release on Tuesday. 

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