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BitMine Immersion Technologies Raises $250 Million to Launch ETH Financial Strategy

Summary: BitMine Immersion Technologies, a company listed on the New York Stock Exchange, announced the pricing and signing of a private placement agreement to purchase and sell 55,555,556 shares of common stock at a price of $4.50 per share, raising an estimated $250 million to launch an ETH financial strategy. The fundraising transaction is expected to ...

BitMine Immersion Technologies, a company listed on the New York Stock Exchange, announced the pricing and signing of a private placement agreement to purchase and sell 55,555,556 shares of common stock at a price of $4.50 per share, raising an estimated $250 million to launch an ETH financial strategy. The fundraising transaction is expected to be completed around July 3, 2025, with MOZAYYX leading the investment and participation from Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management, and Thomas Lee. (PRNewswire)

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