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Tom Lee’s BitMine Sells Stock at $70 to Raise Additional $365M for ETH Treasury
Yahoo Finance·2025-09-22 15:30

BitMine Immersion Technologies (BMNR), chaired by Tom Lee, said Monday it now controls more than 2% of ether's supply and raised 365milliontoexpanditsholdings.Thecompanyannouncedthismorningthatitstreasury,valuedat365 million to expand its holdings. The company announced this morning that its treasury, valued at 11.4 billion as of Sept. 21, consists of 2,416,054 ETH at 4,497pertoken,192bitcoin(BTC),4,497 per token, 192 bitcoin (BTC), 345 million in cash and a $175 million equity stake in Eightco Holdings. BitMine described itself as the world’s largest public holder of ether and the second-largest crypto treasury ...