BitMine Immersion Technologies Closes $250 Million Private Placement to Advance its Treasury Strategy on Ethereum

Proceeds from the private placement enable the Company to adopt Ethereum (ETH) as its primary treasury reserve asset Company's Ethereum treasury strategy to strengthen broader Ethereum ecosystem LAS VEGAS, July 9, 2025 /PRNewswire/ -- (NYSE AMERICAN: BMNR) ("BitMine" or the "Company") today announced the closing of the previously announced $250,000,000 private placement, funded in a combination of cash and crypto, to help BitMine implement its Ethereum treasury strategy. The transaction was led by MOZAYYX w ...