BitMine announces $250M private placement to launch Ethereum treasury strategy

#BitMine announced a $250M private placement through the sale of 55,555,556 shares at $4.50 per share. The company plans to use the proceeds to acquire #Ethereum $ETH as its primary treasury reserve asset. The initiative is backed by partnerships with Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management, and Thomas Lee.

👉 prnewswire.com/news-releases/bitmine-immersion-technologies-announces-250-million-private-placement-to-initiate-ethereum-treasury-strategy-expected-to-become-one-of-the-largest-publicly-traded-eth-holders-302494355.html