BitMine Immersion Technologies (NYSE American: BMNR) today announced it has priced a $250 million private placement of 55,555,556 shares of common stock at $4.50 per share to fund an Ethereum (ETH) treasury strategy, with closing expected on or about July 3, 2025. The transaction, led by MOZAYYX with participation from top investors including Founders Fund, Pantera, FalconX, and Galaxy Digital, positions BitMine to become one of the largest publicly traded holders of ETH. Proceeds will be used to acquire ETH as the company’s primary treasury reserve asset, enabling access to Ethereum-native capabilities like staking and DeFi activities. FalconX, Kraken, and Galaxy Digital will support BitMine’s Ethereum strategy alongside custody partners BitGo and Fidelity Digital. ThinkEquity served as placement agent, with Cantor Fitzgerald advising the lead investor.

To view the full press release, visit https://ibn.fm/aQ9If

About BitMine

BitMine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine’s operations are located in low-cost energy regions in Trinidad ; Pecos, Texas ; and Silverton, Texas .

For more information, visit the company’s website at https://bitminetech.io/

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Austin, Texas
www.InvestorWire.com
512.354.7000 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

This contant was orignally distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is InvestorNewsBreaks – BitMine Immersion Technologies, Inc. (NYSE American: BMNR) Prices $250 Million Private Placement to Launch Ethereum Treasury Strategy.