BitMine announces $1 billion stock buyback plan

According to Golden Finance, BitMine Immersion Technologies announced today that its board of directors has approved a stock buyback plan to repurchase up to $1 billion worth of the company's outstanding common stock. The company has over $401.4 million in unallocated cash. As of 10:45 pm Eastern Time on July 28th, the company holds a total of 625000 ETH tokens at a price of $3755 per ETH, and 192 Bitcoin tokens at a price of $118021 per BTC. As of July 28th, there are currently 121739533 fully diluted ordinary shares issued. The combined net asset value (NAV per share) of cash and cryptocurrency is $22.76.