Ether (ETH) Treasury News: BitMine Immersion Raises $250M

BitMine Immersion Technologies (BMNR) has secured $250 million via a private placement of common stock and will use the funds to launch an ether When the deal closes, expected July 3, the Las Vegas-based miner said it will rank among the largest publicly traded holders of ETH. The financing, priced at $4.50 a share, brought together investors including Founders Fund, Pantera Capital, Kraken, Galaxy Digital and Republic. Cantor Fitzgerald advised lead investor MOZAYYX, while ThinkEquity placed the deal. BitMine justified its choice of ether as a primary reserve asset saying...