BitMine Expands Ethereum Share Sale Program by $20 Billion
Main Idea
BitMine Immersion Technologies has increased its at-the-market share sale limit to $24.5 billion to purchase more Ethereum and expand its operations, becoming the largest corporate holder of Ethereum.
Key Points
1. BitMine filed with the SEC to expand its ATM share sale program by $20 billion, raising the total limit to $24.5 billion.
2. The company holds over 1.15 million ETH, valued at approximately $5 billion, making it the largest corporate treasury of Ethereum.
3. Funds raised will be used to invest in Bitcoin and expand mining and consulting operations.
4. BitMine Chairman Tom Lee predicts Ethereum could reach $30,000, citing regulatory approvals and interest from major financial players.
5. BitMine leads corporate Ethereum holdings, followed by SharpLink and The Ether Machine.
Description
Key Highlights : BitMine raises ATM share sale limit to $24.5B to buy more Ethereum. Holds over 1.15 million ETH, first to exceed 1 million in corporate treasury. Plans to invest in Bitcoin, expand mining and consulting operations. BitMine Immersion Technologies (BitMine), the world’s largest corporate holder of Ethereum, has filed with the U.S. Securities and Exchange Commission (SEC) to expand its at-the-market (ATM) share sale program by an additional $20 billion. This move will increase the ...
Latest News
- Bull Flag Brewing: XRP Holds $3.10 as South Korea’s Deep Pockets Fan the Flames2025-08-14 15:02:32
- Justin Sun Sues Bloomberg Over Confidential Crypto Data Leak Threat2025-08-14 13:19:46
- Coinbase Hit by Costly $300K MEV Bot Drain2025-08-14 13:04:22
- Bitcoin Breaks $124K as Ethereum Nears 2021 High Amid Market Rally2025-08-14 12:59:54
- XRP at a Crossroads: Third Wave Breakout or Bull Trap?2025-08-14 11:08:21