Tom Lee’s BitMine for Ethereum Increases ETH Fundraising by $20 Billion
Simply put Bitmine Immersion is looking to raise as much as $24.5 billion through common stock sales to invest in more Ethereum (ETH). The Ethereum Treasury Firm is selling shares at a price of $0.0001 each. At the time of this report, the company had already gathered over $2 billion in Ethereum tokens. Bitmine Immersion […]
Ethereum reaches a new multiyear peak as Tom Lee’s BitMine proposes a $20 billion ETH fundraise.
Key Points Ether has raised its ETH accumulation target to nearly $25 billion, gaining almost 6% in a single day. Chair Tom Lee drew a parallel between himself and Michael Saylor, as he described ETH’s price movement as “ignoring gravity.” Bitcoin remains under $120,000, seemingly unfazed by recent positive US CPI figures. On Tuesday, Ether […]
Tom Lee’s BitMine Accumulates $3 Billion in Ethereum, Now the Third Largest Public Crypto Reserve
Simply put Bitcoin Miner Bitmine Immersion currently possesses $3 billion worth of Ethereum. Miners are actively accumulating ETH, which is the third-largest public cryptocurrency. Tom Lee, the chairman of Bitmine, suggests that Ethereum is becoming Wall Street’s favorite. Bitmine Immersion is now holding over $3 billion in Ethereum, competing to increase its portfolio of the […]
BitMine Immersion Now Holds Nearly $1 Billion in Ethereum to Support its Ethereum Treasury Plan
Bitmine Surpasses $1 Billion in Ethereum Holdings Bitmine has now achieved a total of over $1 billion in Ethereum (ETH) holdings, a significant increase from its initial $250 million just a week prior, marking a rise of more than 300%. As of July 17, 2025, the company reported it holds approximately 300,657 ETH, which is […]
BitMine secures $250M to start an Ethereum corporate treasury
Bitmine Immersion Technologies Secures $250 Million for Ethereum Strategy Bitmine Immersion Technologies has announced a private placement raising $250 million to kickstart its Ether Treasury initiative. The company reported that it has signed a deal for the sale of 55,555,556 shares at a price of $4.50 per share, which should generate approximately $250 million before […]