Bitmine lists on the NYSE main board and announces a $4 billion buyback, Morgan Stanley Bitcoin ETF launches on its first day, BTC recovers the $72,000 level

ME News Report, April 10 (UTC+8), according to BBX Cryptocurrency Concept Stock Information Disclosure, yesterday the global crypto asset market experienced a brief respite at the macro level—after the US-Iran ceasefire agreement was announced the day before (April 8), Bitcoin successfully recovered the $72,000 range, and the market’s risk appetite temporarily warmed. Meanwhile, institutional positioning actions were intense: Ethereum treasury concept stock Bitmine officially listed on the NYSE main board, and Morgan Stanley’s spot Bitcoin ETF was launched and opened for trading on the same day. These two events jointly mark a new phase in the institutional narrative of crypto concept stocks.

Key Dynamic Highlights

Bitmine Immersion Technologies (NYSE: $BMNR) officially completed its listing upgrade from the NYSE American to the NYSE main board as of yesterday (April 9). On the same day, the board unanimously approved increasing the stock repurchase authorization from $1 billion to $4 billion. According to Fundstrat data, this scale ranks among the top ten global buybacks by 2026. As of April 5, the company held approximately 4.8M ETH, accounting for about 3.98% of the total Ethereum supply, approaching its publicly stated 5% holding target.

Morgan Stanley Bitcoin Trust (NYSE Arca: $MSBT) officially listed for trading yesterday, with a management fee rate of 0.14%. The first-day trading volume was about $34 million, slightly exceeding analyst estimates of $30 million. Coinbase Institutional was designated as the asset custodian for this fund, marking another top traditional broker spot Bitcoin ETF after BlackRock’s iShares Bitcoin Trust ($IBIT).

MARA Holdings (NASDAQ: $MARA) recorded a weekly increase of about 9.8% over the past week, but fundamentals are under pressure: analysts forecast the latest quarterly report will show a loss per share of $0.40 to $0.51. The company is accelerating its transformation toward AI and data center infrastructure, having previously sold 15,133 BTC to optimize its balance sheet.

Macro Background — US-Iran Ceasefire and Bitcoin Price Recovery: Trump announced a two-week ceasefire agreement with Iran on April 8. On that day, BTC broke through $70,000, and on April 9, it further rose to about $72,348, marking the first time since March 26 that it crossed this key level. Bitcoin’s total market value is approximately $1.447 trillion. (Source: BBX)