BitMine Immersion ETH Holdings Exceed $2 Billion of Ethereum to Advance its Ethereum Treasury Strategy
BitMine Immersion Technologies (NYSE AMERICAN: BMNR) has announced that its Ethereum holdings have surpassed $2 billion, representing over 566,776 ETH at $3,643.752 per ETH. This milestone comes just sixteen days after closing a $250 million private placement, exceeding the initial PIPE proceeds by over 700%.
Under the leadership of Chairman Tom Lee and CEO Jonathan Bates, BitMine aims to acquire and stake 5% of the overall ETH supply. The company's strategy focuses on increasing ETH held per share through cash flow reinvestment, capital markets activities, and staking yield, while leveraging market volatility to lower capital costs.
BitMine Immersion Technologies (NYSE AMERICAN: BMNR) ha annunciato che le sue partecipazioni in Ethereum hanno superato i 2 miliardi di dollari, rappresentando oltre 566.776 ETH a un prezzo di 3.643,752 dollari per ETH. Questo traguardo arriva appena sedici giorni dopo la chiusura di un collocamento privato da 250 milioni di dollari, superando i proventi iniziali del PIPE di oltre il 700%.
Sotto la guida del presidente Tom Lee e del CEO Jonathan Bates, BitMine punta ad acquisire e mettere in staking il 5% dell'intera offerta di ETH. La strategia aziendale si concentra sull’aumento di ETH detenuti per azione attraverso il reinvestimento dei flussi di cassa, attività nei mercati dei capitali e rendimento dello staking, sfruttando la volatilità del mercato per ridurre i costi del capitale.
BitMine Immersion Technologies (NYSE AMERICAN: BMNR) ha anunciado que sus tenencias de Ethereum han superado los 2 mil millones de dólares, representando más de 566,776 ETH a 3,643.752 dólares por ETH. Este hito se logra apenas dieciséis días después de cerrar una colocación privada de 250 millones de dólares, superando los ingresos iniciales del PIPE en más del 700%.
Bajo el liderazgo del presidente Tom Lee y el CEO Jonathan Bates, BitMine aspira a adquirir y hacer staking del 5% del suministro total de ETH. La estrategia de la compañía se centra en aumentar el ETH por acción mediante la reinversión del flujo de caja, actividades en los mercados de capital y rendimiento del staking, aprovechando la volatilidad del mercado para reducir los costos de capital.
BitMine Immersion Technologies (NYSE AMERICAN: BMNR)는 이더리움 보유액이 20억 달러를 넘어섰으며, 이는 ETH당 3,643.752달러 기준으로 566,776 ETH 이상에 해당한다고 발표했습니다. 이 성과는 2억 5천만 달러 규모의 사모 투자를 마친 지 불과 16일 만에 이루어졌으며, 초기 PIPE 수익을 700% 이상 초과했습니다.
회장 Tom Lee와 CEO Jonathan Bates의 지도 아래, BitMine은 전체 ETH 공급량의 5%를 인수하고 스테이킹하는 것을 목표로 하고 있습니다. 회사의 전략은 현금 흐름 재투자, 자본 시장 활동, 스테이킹 수익을 통해 주당 보유 ETH를 늘리고, 시장 변동성을 활용해 자본 비용을 낮추는 데 중점을 두고 있습니다.
BitMine Immersion Technologies (NYSE AMERICAN : BMNR) a annoncé que ses avoirs en Ethereum ont dépassé 2 milliards de dollars, représentant plus de 566 776 ETH à 3 643,752 dollars par ETH. Ce jalon intervient seulement seize jours après la clôture d’un placement privé de 250 millions de dollars, dépassant les produits initiaux du PIPE de plus de 700 %.
Sous la direction du président Tom Lee et du PDG Jonathan Bates, BitMine vise à acquérir et à staker 5 % de l’offre totale d’ETH. La stratégie de l’entreprise se concentre sur l’augmentation de l’ETH détenu par action grâce à la réinjection des flux de trésorerie, aux activités sur les marchés financiers et aux rendements du staking, tout en tirant parti de la volatilité du marché pour réduire les coûts du capital.
BitMine Immersion Technologies (NYSE AMERICAN: BMNR) hat bekannt gegeben, dass seine Ethereum-Bestände 2 Milliarden US-Dollar überschritten haben, was über 566.776 ETH zu einem Kurs von 3.643,752 USD pro ETH entspricht. Dieser Meilenstein wurde nur sechzehn Tage nach dem Abschluss einer 250 Millionen US-Dollar Privatplatzierung erreicht und übertrifft die ursprünglichen PIPE-Erlöse um über 700 %.
Unter der Leitung von Vorsitzendem Tom Lee und CEO Jonathan Bates strebt BitMine an, 5 % des gesamten ETH-Angebots zu erwerben und zu staken. Die Unternehmensstrategie konzentriert sich darauf, den ETH-Bestand pro Aktie durch Reinvestition von Cashflow, Kapitalmarktaktivitäten und Staking-Erträge zu erhöhen und dabei die Marktvolatilität zu nutzen, um die Kapitalkosten zu senken.
- None.
- High exposure to ETH price volatility risks
- Significant concentration in a single cryptocurrency asset
- Capital intensive strategy requiring continued funding
Company's current holdings
BitMine's ETH holdings exceed 560,000
Company's Ethereum treasury strategy to strengthen broader Ethereum ecosystem
"At BitMine, we surpassed
The Company previously stated its performance metric goal of increasing ETH held per share through a combination of reinvestment of the Company's cash flows, capital markets activities (including using volatility to lower cost of capital), and staking yield and the value of ETH is impacted by the change in value of ETH.
"We are committed to Ethereum's continued growth and look forward to advancing our Ethereum treasury strategy." said Jonathan Bates, CEO of BitMine.
About BitMine
BitMine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine's operations are located in low-cost energy regions in
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Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding progress and achievement of the Company's goals regarding ETH acquisition and staking, the long-term value of Ethereum, continued growth and advancement of the Company's Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider various factors, including BitMine's ability to keep pace with new technology and changing market needs; BitMine's ability to finance its current business, Ethereum treasury operations and proposed future business; the competitive environment of BitMine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine's control, including those set forth in the Risk Factors section of BitMine's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on April 3, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of BitMine's filings with the SEC are available on the SEC's website at www.sec.gov. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE BitMine Immersion Technologies, Inc.
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