PANews, July 17 - According to a report by PR Newswire, BitMine Immersion (NYSE AMERICAN: BMNR) announced today that the value of its holdings in Ethereum and Ethereum equivalents has surpassed $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 company holds a total of 300,657 Ethereum, with each priced at $3,461.89.
