Bitmine Immersion (BMNR) has expanded its at-the-market (ATM) offering to $4.5 billion, doubling its previous $2 billion capacity. The enhancement allows the company to continuously sell common stock via brokers Cantor Fitzgerald and ThinkEquity.
Proceeds from the expanded offering will strengthen Bitmine Immersion’s cryptocurrency reserve portfolio, specifically targeting increased Ethereum (ETH) asset acquisitions. This strategic capital raise aims to optimize the company’s balance sheet and bolster overall financial flexibility amid evolving market conditions.