Tom Lee’s Bitcoin (BTC) mining company turned Ethereum (ETH) digital assset treasury (DAT), BitMine Immersion Technologies, has been approved to uplist from NYSE American to the New York Stock Exchange (NYSE). The company announced the news in a press release today, April 6, alongside its latest ETH purchase and staking data.
The largest Ethereum treasury firm's move to NYSE is an indicator of growth and maturity for the firm, as the main NYSE board has stricter requirements, including for number of shareholders and float. Generally, the move marks an ascent from small-cap to large-cap status. Trading under the same ticker, BMNR, will move to the NYSE at the open on Thursday, April 9, the release notes.
BMNR shares on NYSE American are up over 6% today on the news, per data from Yahoo Finance, trading near $21.
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