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Bitmine has increased its market stock issuance to 4.5 billion dollars to buy more Ethereum

By: theblockbeats.news|2025/07/24 14:42:30

BlockBeats News, July 24th, Bitmine Immersion (BMNR) has increased the size of its "At-The-Market" (ATM) program from $2 billion to $4.5 billion. The company submitted a prospectus supplement filing to the U.S. Securities and Exchange Commission on July 24th, authorizing the continual sale of common stock in the public market through two brokers, Cantor Fitzgerald and ThinkEquity. This additional issuance will provide funding for the company to further increase its ETH holdings and expand its asset reserves.

Previously reported, Bitmine updated its ETH holdings, as of 11:59 PM EDT on July 23, 2025 (11:59 AM Beijing time today), Bitmine held a total of 566,776 ETH, valued at over $2 billion.

BlackRock ETHA has accumulated 1.035 million ETH since July, with a total holding of 2.8 million ETH

Former Ethereum core developer: ETHs bullish logic in the next few years is not corporate balance sheet configuration, but the global adoption of stablecoins