US EditionEther (ETH) Treasury News: BitMine Immersion Raises $250M
- On June 30, 2025, Bit Digital, Inc. announced the pricing of a public offering consisting of 75 million shares at $2.00 each, aiming to raise $150 million in gross proceeds.
- The offering aligns with Bit Digital’s 2022 initiative to acquire and stake Ethereum, contributing to the growth of its extensive enterprise-level ETH staking platform.
- The company plans to allocate the funds raised from the offering toward acquiring Ethereum, with an emphasis on strategies centered around Ethereum-based treasury management and staking.
- The offering includes a 30-day option for underwriters to buy an additional 11.25 million shares and is expected to close around June 27, 2025.
- This financing supports Bit Digital's continued emphasis on Ethereum as a core asset amid substantial institutional interest in ETH staking.
19 Articles
19 Articles
Bitcoin Miner Bit Digital Raises $150 Million to Pivot to Ethereum Staking_ Shares Fall 15%
In a major pivot, Bitcoin miner Bit Digital announced a strategic shift to Ethereum ETH $2 441 24h volatility: 0.2% Market cap: $294.89 B Vol. 24h: $13.45 B staking along with a $150 million public offering. The firm also announced that it had begun accumulating ETH back in 2022, after the blockchain transitioned to a proof-of-reserve network, and has been accumulating ETH
BitMine Immersion Technologies diversifies its strategy, so it will maintain both Bitcoin and Ethereum, although it seems that the commitment to the latter will be much more pronounced. *** The company raised $250 million by private selling of shares to strengthen its treasury at ETH. Thomas Lee compared the impact of the stablecoins with ChatGPT on the crypto industry. The shift to Ethereum is framed in a trend among companies adopting ETH as t…
The company aims to become one of the largest holders of ETH among publicly traded companies. Read more
BitMine raises $250M to launch Ethereum corporate treasury
BitMine Immersion Technologies raised $250 million through a private placement to establish an Ethereum treasury, signaling a shift away from its previous Bitcoin-centric approach. Bitcoin miner BitMine Immersion Technologies has secured a $250 million private placement to jumpstart its Ether treasury.BitMine signed a private placement for the purchase and sale of 55,555,556 shares of common stock for $4.50 per share, yielding gross proceeds of …
Coverage Details
Bias Distribution
- 67% of the sources are Center
To view factuality data please Upgrade to Premium
