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BitMine

Peter Thiel-backed Ethereum treasury firm BitMine to repurchase up to $1 billion in shares following board approval

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Key Takeaways BitMine has authorized a $1 billion stock repurchase program following board approval. The firm holds significant Ethereum and Bitcoin reserves, with its Ethereum holdings valued at $2.35 billion. Share this article Ethereum treasury company BitMine Immersion Technologies (BMNR), backed by billionaire Peter Thiel and Cathie Wood’s ARK Invest, announced Tuesday that its Board … Read more

BitMine secures $182M from ARK Invest to buy Ethereum

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BitMine has secured a major capital infusion from ARK Invest, which has acquired $182 million worth of BitMine equity across multiple ARK funds. According to a July 22 statement, the deal involved 4.77 million shares purchased via a block trade linked to BitMine’s ongoing at-the-market program. The company stated it plans to deploy 100% of … Read more

BitMine Immersion’s $500m ETH pivot shakes up crypto treasuries

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Just months ago, BitMine was another mining operation chasing cheap electricity to dig up Bitcoin. Now, it’s sitting on one of the largest corporate Ethereum treasuries outside of the Ethereum Foundation itself. The speed of this pivot has left industry veterans both impressed and skeptical. In a press release dated July 14, BitMine Immersion disclosed … Read more

BitMine raises $250m, TWL Miner bags $85m

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Crypto venture funding rebounded modestly this week, with $466.6 million raised across 15 deals between June 29 and July 5—primarily driven by outsized bets on Bitcoin infrastructure. The majority of capital flowed into mining and ecosystem development, led by BitMine’s massive $250 million private placement backed by Mozaryk, Founders Fund, and Pantera. Other notable rounds … Read more

BitMine Immersion Technologies Skyrockets 218% on $250 Million Ethereum Bet!

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Folks, the market’s on fire today, and BitMine Immersion Technologies (NYSE AMERICAN: BMNR) is leading the charge with a jaw-dropping 218% surge as of this writing! This isn’t just a blip on the radar—this stock is riding a wave of excitement after announcing a massive $250 million private placement to dive headfirst into an Ethereum … Read more

BitMine announces $18M public offering to buy Bitcoin

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BitMine Immersion Technologies is raising $18 million through a public stock offering to expand its Bitcoin holdings. According to the company’s announcement in a June 4 press release, the offering includes 2.25 million shares priced at $8.00 each. BitMine has also granted underwriters a 45-day option to purchase an additional 337,500 shares to cover potential … Read more

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