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BitMine Completes $250 Million Financing to Increase ETH Holdings as Core Reserve Asset
Summary: According to CNBC, BitMine Immersion Technologies (NASDAQ: BMNR) has announced the completion of a $250 million large private placement financing, issuing 55,555,556 shares at a price of $4.50 per share. The deal was led by MOZAYYX, with participation from Founders Fund, Pantera, and other well-known investment institutions, and is expected to be completed around July ...
According to CNBC, BitMine Immersion Technologies (NASDAQ: BMNR) has announced the completion of a $250 million large private placement financing, issuing 55,555,556 shares at a price of $4.50 per share. The deal was led by MOZAYYX, with participation from Founders Fund, Pantera, and other well-known investment institutions, and is expected to be completed around July 3, 2025.
BitMine plans to use the raised funds primarily to increase its holdings of Ethereum (ETH) as a core reserve asset, while continuing to maintain its Bitcoin mining core business.
Founder of Fundstrat and Chief Investment Officer of Fundstrat Capital, Thomas Lee, has immediately taken on the role of Chairman of the Board. This private placement is conducted in accordance with Regulation D and/or Section 4(a)(2) of the Securities Act, with ThinkEquity, LLC serving as placement agent.
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Link: BitMine Completes $250 Million Financing to Increase ETH Holdings as Core Reserve Asset [Copy]
