{"id":34409,"date":"2025-06-30T14:31:50","date_gmt":"2025-06-30T14:31:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34409"},"modified":"2025-06-30T14:31:50","modified_gmt":"2025-06-30T14:31:50","slug":"bitmine-immersion-stock-triples-as-it-raises-250m-for-ether-treasury-adds-thomas-lee-to-board","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34409","title":{"rendered":"BitMine Immersion Stock Triples as It Raises $250M for Ether Treasury, Adds Thomas Lee to Board"},"content":{"rendered":"<div>\n<p>BitMine Immersion Technologies (BMNR) has secured $250 million via a private placement of common stock and will use the funds to launch an ether (ETH) treasury.<\/p>\n<p>When the deal closes, expected July 3, <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bitmine-immersion-technologies-announces-250-million-private-placement-to-initiate-ethereum-treasury-strategy-expected-to-become-one-of-the-largest-publicly-traded-eth-holders-302494355.html\">the Las Vegas-based miner said<\/a> it will rank among the largest publicly traded holders of ETH.<\/p>\n<p>The financing, priced at $4.50 a share, brought together investors including Founders Fund, Pantera Capital, Kraken, Galaxy Digital and Republic. Cantor Fitzgerald advised lead investor MOZAYYX, while ThinkEquity placed the deal.<\/p>\n<p>BitMine justified its choice of ether as a primary reserve asset saying Ethereum currently leads in stablecoin payments, tokenized assets, and decentralized financial applications.<\/p>\n<p>\u201cBy having a direcT ETH treasury position, the company has access to native protocol-level activities, such as staking and decentralized finance mechanisms, on the Ethereum network,\u201d the company wrote.<\/p>\n<p>The move also reshapes BitMine\u2019s leadership. Fundstrat founder Thomas Lee, long known on Wall Street for his crypto research and bullishness, was newly appointed Chairman of the Board of Directors.<\/p>\n<p>Lee said the round reflects \u201cthe rapid and continued convergence of traditional financial services and crypto\u201d and set a new key performance metric for the company: ether per share.<\/p>\n<p>SharpLink Gaming (SBET) is one of the few other publicly traded companies creating and ether treasury, having recently <a href=\"https:\/\/www.coindesk.com\/business\/2025\/06\/24\/sharplink-gaming-boosts-ethereum-treasury-to-188478-eth-with-30m-purchase\">boosted it to 188,478 ETH.<\/a> Most other companies creating crypto treasuries focus on bitcoin (BTC).<\/p>\n<p>BitMine\u2019s shares have more than tripled in premarket action to nearly $14.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies (BMNR) has secured $250 million via a private placement of common stock and will use the funds to launch an ether (ETH) treasury. When the deal closes, expected July 3, the Las Vegas-based miner said it will rank among the largest publicly traded holders of ETH. The financing, priced at $4.50 a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34409","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34409"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34409\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}