CryptoNewsBreaks – BitMine Immersion Technologies, Inc. (NYSE American: BMNR) Prices $250 Million Private Placement to Launch Ethereum Treasury Strategy
BitMine Immersion Technologies (NYSE American: BMNR) today announced it has priced a $250 million private placement of 55,555,556 shares of common stock at $4.50 per share to fund an Ethereum (ETH) treasury strategy, with closing expected on or about July 3, 2025. The transaction, led by MOZAYYX with participation from top investors including Founders Fund, Pantera, FalconX, and Galaxy Digital, positions BitMine to become one of the largest publicly traded holders of ETH. Proceeds will be used to acquire ETH as the company’s primary treasury reserve asset, enabling access to Ethereum-native capabilities like staking and DeFi activities. FalconX, Kraken, and…