BitMine Immersion Technologies Raises $250M to Launch Ethereum Finance Strategy

Odaily News BitMine Immersion Technologies, a New York Stock Exchange listed company, announced the pricing and signing of a private placement agreement to purchase and sell 55,555,556 common shares at $4.50 per share, and is expected to raise $250 million to launch the ETH financial strategy. The transaction is expected to be completed around July 3, 2025, led by MOZAYYX, with participation from Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management and Thomas Lee. (PRNewswire)