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 Galaxy Digital will support BitMine’s Ethereum strategy alongside custody partners BitGo and Fidelity Digital. ThinkEquity served as placement agent, with Cantor Fitzgerald advising the lead investor.
To view the full press release, visit https://ccw.fm/aQ9If
About BitMine
BitMine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine’s operations are located in low-cost energy regions in Trinidad ; Pecos, Texas ; and Silverton, Texas .
For more information, visit the company’s website at https://bitminetech.io/
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