Bitmine Raises Market Stock Issuance to $4.5 Billion to Increase Ethereum Holdings
On July 24, it was reported that Bitmine Immersion (BMNR) has increased the size of its At-the-Market (ATM) offering from $2 billion to $4.5 billion. The company submitted a prospectus supplement to the U.S. Securities and Exchange Commission on July 24, authorizing the continuous sale of common stock on the open market through brokers Cantor Fitzgerald and ThinkEquity. The additional offering will provide funding to further increase the company’s ETH holdings and expand its asset reserves.
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