Ethereum Treasury News: Bitmine Immersion (BMNR) Plunges on $2B ATM Offering

Bitmine Immersion Stock: $250M PIPE Redefines Balance Sheet Valuation ...

Ethereum Treasury News: Bitmine Immersion (BMNR) Plunges on $2B ATM Offering

Shares of Bitmine Immersion Technologies (BMNR), the ether (ETH) treasury strategy firm helmed by Fundstrat's Thomas Lee, slid 20% Thursday, extending a 40% drop from the previous day, as the company disclosed plans to raise up to $2 billion through a stock sale agreement.The selloff comes on the heels of Bitmine closing a $250 million funding round and securing an at-the-market (ATM) stock offering deal with Cantor Fitzgerald and ThinkEquity, a…

BitMine Crashes 39% After It Files to Raise $2 Billion for More ETH

On Wednesday, Ethereum treasury company BitMine Immersion Technologies (BMNR) fell 39% (53% during intraday trading) after the company filed a registration statement with the Securities and Exchange Commission (SEC) to sell up to $2 billion in securities to support its accumulation strategy.  The filing comes on the same day that the company officially closed a $250 million private placement round known as a PIPE (private investment in public eq…

Capital Clearly Coming to Ethereum Amid Changing Narrative for ETH, Says Crypto Strategist – Here’s His Upside Price Target - The Daily Hodl

An analyst known for making timely crypto calls believes that Ethereum (ETH) is poised to positively surprise investors. Pseudonymous analyst Pentoshi tells his 869,800 followers on the social media platform X that he’s targeting $3,200 for Ethereum but notes that ETH can print new all-time high prices. Pentoshi says the macro picture is changing for Ethereum in a meaningful way. “You can see the narrative changing around ETH right now. And in m…

Tom Lee Backs Ethereum, Predicts $10K Price Target Amid BitMine's Treasury Pivot

Key highlights: Fundstrat’s Tom Lee predicts Ethereum could reach $10,000, citing tokenization and staking yield as key drivers. BitMine Immersion Technologies appoints Lee as chairman and raises $250 million to buy ETH for its treasury. Ethereum's role in stablecoins and smart contracts seen as critical to its long-term value proposition. Trade Crypto on Kraken Tom Lee, co-founder of Fundstrat Global Advisors and now chairman of BitMine Imme…