Bitcoin News Today: Bitfarms 10% Share Buyback Sparks 26% Stock Surge Backed by $22M Bitcoin Reserves

Bitfarms Ltd. has announced a share buyback program, signaling confidence in its business amid its position as a major Bitcoin miner and holder of a $22 million Bitcoin reserve. The Canadian-listed firm, which operates 15 mining centers across the United States, Canada, Argentina, and Paraguay, plans to repurchase 10% of its public float—equivalent to 49.9 million shares—over a 12-month period starting July 28, 2025. The Toronto Stock Exchange will oversee daily purchase limits of 25% of average trading volume, while Nasdaq will monitor transactions at 5% of its average volume. CEO Ben Gagnon stated the initiative reflects the company’s belief that its stock is undervalued relative to its Bitcoin mining operations and high-performance computing assets [1].

The buyback coincides with Bitfarms’ status as the sixth-largest Bitcoin miner by market capitalization, which stood at $630 million at the time of the announcement. The company disclosed it holds 188 Bitcoin, valued at $22 million, and has demonstrated a strategic focus on both share repurchases and measured Bitcoin accumulation. According to data from CryptoQuant, Bitcoin miner reserves are currently showing accumulation patterns, with the Miner Supply Ratio reaching 0.09093—a metric indicating miners are retaining more Bitcoin amid favorable market conditions [2]. This aligns with Bitfarms’ approach, as Gagnon emphasized the program’s alignment with the company’s “data center growth strategy” and long-term value creation.

The announcement spurred a 26% surge in Bitfarms’ stock price over 48 hours, pushing it to a five-month high. Analysts and industry observers have noted that Bitcoin miners with diversified assets, such as Bitfarms’ hybrid mining and computing infrastructure, are increasingly adopting aggressive capital return strategies to capitalize on market volatility. The firm’s dual focus on operational efficiency and strategic Bitcoin reserves highlights its adaptability in a competitive sector. With the buyback program set to operate under strict regulatory supervision, Bitfarms aims to balance shareholder value with its role as a significant player in the Bitcoin mining ecosystem.

Source: [1] [Bitfarms Initiates Share Buyback Amid Bitcoin Holdings] [https://coinmarketcap.com/community/articles/68827ba2747ff0612d594adc/] [2] [Bitfarms Initiates Share Buyback Amid Bitcoin Holdings] [https://coinmarketcap.com/community/articles/68827ba2747ff0612d594adc/].