{"id":36228,"date":"2025-07-10T16:01:58","date_gmt":"2025-07-10T16:01:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36228"},"modified":"2025-07-10T16:01:58","modified_gmt":"2025-07-10T16:01:58","slug":"bitmine-immersion-stock-sheds-another-20-after-2b-atm-offering","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36228","title":{"rendered":"Bitmine Immersion Stock Sheds Another 20% After $2B ATM Offering"},"content":{"rendered":"<div>\n<p>Shares of Bitmine Immersion Technologies (BMNR), the ether (ETH) treasury strategy firm helmed by Fundstrat&#8217;s Thomas Lee, slid 20% Thursday, extending a 40% drop from the previous day, as the company disclosed plans to raise up to $2 billion through a stock sale agreement.<\/p>\n<p>The selloff comes on the heels of Bitmine closing a $250 million funding round and securing an at-the-market (ATM) stock offering deal with Cantor Fitzgerald and ThinkEquity, according to a <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1829311\/000164117225018322\/forms-3asr.htm\">Wednesday SEC filing<\/a>. Cantor will act as the lead agent, selling shares directly into the market over time at the company\u2019s discretion.<\/p>\n<p>The decline follows a parabolic run for Bitmine, which had surged 3,000% after announcing an Ethereum-focused treasury strategy and naming Fundstrat\u2019s Tom Lee as chairman of the board.<\/p>\n<p>However, CoinDesk last week reported that the price action could mirror a similar arc seen with Sharplink Gaming (SBET), another ETH treasury play, whose stock skyrocketed then plunged 90% after early investors began selling.<\/p>\n<p>BMNR is down 65% since the report.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/03\/tom-lees-bitmine-surges-3000-since-eth-treasury-strategy-but-sharplinks-plunge-warrants-caution\">Tom Lee&#8217;s Bitmine Surges 3,000% Since ETH Treasury Strategy, but Sharplink&#8217;s Plunge Warrants Caution<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Bitmine Immersion Technologies (BMNR), the ether (ETH) treasury strategy firm helmed by Fundstrat&#8217;s Thomas Lee, slid 20% Thursday, extending a 40% drop from the previous day, as the company disclosed plans to raise up to $2 billion through a stock sale agreement. The selloff comes on the heels of Bitmine closing a $250 [&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-36228","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\/36228","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=36228"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36228\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}