ARK Invest, led by Cathie Wood, invested $182 million in BitMine Immersion Tech (BMNR) and will use the funds to buy Ethereum. Tom Lee praised Wood's support.
BitMine Immersion Technologies (NYSE American: BMNR) has closed a $250 million private placement, funded in cash and crypto, to support its Ethereum-focused treasury strategy. Led by MOZAYYX, with participation from Founders Fund, Pantera, Kraken, Galaxy Digital and others, the funding will be used to acquire ETH as BitMine’s primary treasury reserve asset. The move positions the company to engage in protocol-level activities such as staking and decentralized finance. Chairman Tom Lee and CEO Jonathan Bates said the strategy aims to increase ETH held per share and generate shareholder returns through reflexive value gains and expanded ETH exposure.
BitMine Immersion Technologies (NYSE American: BMNR) has closed a $250 million private placement, funded in cash and crypto, to support its Ethereum-focused treasury strategy. Led by MOZAYYX, with participation from Founders Fund, Pantera, Kraken, Galaxy Digital and others, the funding will be used to acquire ETH as BitMine’s primary treasury reserve asset. The move positions the company to engage in protocol-level activities such as staking and decentralized finance. Chairman Tom Lee and CEO Jonathan Bates said the strategy aims to increase ETH held per share and generate shareholder returns through reflexive value gains and expanded ETH exposure.
The current momentum in blockchain markets represents a fundamental shift in financial infrastructure rather than another speculative crypto wave, according to Bernstein's latest memo.
Ethereum's (CRYPTO: ETH) most recent breakout isn't just a product of ETF hype, it's backed by a surge in DeFi activity and a rising structural shift, according to a
BitMine Immersion Technologies Inc. (AMEX:BMNR) surged 14.11% in after-hours trading on Thursday, reaching $47.81 per share as the company’s Ethereum (CRYPTO: ETH) holdings crossed the $1 billion threshold following its
Amid the raging controversy over the Jeffrey Epstein client list, cryptocurrency bettors increased their odds that the Trump administration would release undisclosed files related to the convicted sex offender by the end of the month.
BitMine Immersion Technologies, Inc. (AMEX:BMNR) shares are trading higher Wednesday after a Schedule 13G filing revealed that FF Consumer Growth, a firm linked to billionaire investor Peter Thiel, has taken a stake in the company.
Thiel’s Founder’s Fund disclosed in an SEC filing that it had acquired over five million shares of BitMine earlier this month, representing a 9.1% stake in the crypto mining firm.
BitMine Immersion Technologies Inc (AMEX:BMNR) shares are ripping higher in Tuesday’s after-hours session after billionaire PayPal and Palantir co-founder Peter Thiel disclosed a stake
