Bitmine immersion technologies (BMNR) has obtained $ 250 million through a private placement of ordinary shares and will use the funds to launch an ether
treasury.
When the agreement is closed, it is expected on July 3, the Minero based in Las Vegas said it will be among the largest holders of ETH.
The financing, with a price of $ 4.50 per share, brought together investors, including Founders Fund, Pantera Capital, Kraken, Galaxy Digital and Republic. Cantor Fitzgerald advised the main investor Mozayyx, while Tinkechy made the agreement.
Bitmine justified Ether’s choice as a primary reserve asset that says Ethereum currently leads in Stablecoin payments, tokenized assets and decentralized financial applications.
“Having a direct position of Treasury Eth, the company has access to activities at the native protocol level, as a commitment and mechanisms of decentralized finance, in the Ethereum Network,” the company wrote.
The measure also reinforces Bitmine’s leadership. The founder of Fundstrat, Thomas Lee, known on Wall Street for his cryptographic research and optimism, was newly appointed president of the Board of Directors.
Lee said that the round reflects “the rapid and continuous convergence of traditional financial and cryptographic services” and establishes a new performance performance metric for the company: ether per action.
Sharplink Gaming (Sbet) It is one of the few other companies that are negotiated publicly and the Ether Treasury, which has recently driven it to 188,478 ETH. Most of the other companies that create cryptographic treasures focus on Bitcoin
.
Bitmine’s shares have more than tripled in the prior action to the market of almost $ 14.
