BitMine secures $250 million private placement to build its Ether treasury
From Cointelegraph
June 30, 2025 10:03 AM:
BitMine Immersion Technologies secures $250 million private placement to build its Ether treasury. The company signed a private placement for the sale of 55,555,556 shares of common stock at $4.50 per share. MOZZYX led the raise, with participation from various firms. The transaction is expected to close on Thursday pending NYSE American approval.
Corporate Ethereum treasuries are increasing, with BitMine following recent moves by publicly traded firms. SharpLink Gaming acquired 176,271 Ether for $463 million, becoming the largest publicly traded holder of ETH. BitMine’s shift to Ethereum, from Bitcoin, reflects a growing trend in the industry.
BitMine is a Bitcoin and Ethereum Network Company focusing on long-term crypto investment. The firm currently holds 154 BTC worth $17 million and is the 62nd largest corporate Bitcoin treasury. Other companies, like Bit Digital, are also pivoting to Ethereum, with shares falling after announcing a shift from Bitcoin mining to Ethereum.
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