COINTELEGRAPH

BitMine approves $1B stock buyback as ETH treasury strategy expands

BitMine Immersion (BMNR), a Bitcoin mining company and Ethereum’s largest publicly traded holder, has announced the approval of an open-ended $1 billion stock buyback program to repurchase its outstanding shares through open market or negotiated transactions. With shares trading below the company’s net asset value (NAV), BitMine has opted to repurchase its stock rather than…

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JD.com Registers ‘Jcoin’ as HK Stablecoin Regime Nears

China-based e-commerce giant JD.com has reportedly registered entities tied to a potential stablecoin rollout just days ahead of Hong Kong’s stablecoin regulations going into effect. JD.com, often referred to as China’s Amazon, has registered two potential stablecoin-linked entities, Jcoin and Joycoin, through its fintech subsidiary, JD Coinlink Technology, according to a report by Hong Kong…

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