CoinWorld reported on July 17 that BitMine Immersion (NYSE AMERICAN: BMNR) announced today that the value of its held Ethereum and Ethereum equivalents has exceeded $1 billion. To advance its light-asset treasury strategy, the company completed its first round of private financing of $250 million on July 8. According to Bloomberg data, as of 3:45 AM Eastern Time on July 17, the total amount of Ethereum held by the company reached 300,657, with each priced at $3,461.89.