TechFlow, June 30 — According to Prnewswire, Bitcoin mining company BitMine announced a $250 million private placement to launch its Ethereum reserve strategy.
The transaction is led by MOZAYYX, with participation from Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management, and Thomas Lee. The offering is expected to close around July 3, subject to customary closing conditions, including but not limited to approval of the supplemental listing application by NYSE American. The company plans to use the net proceeds from this offering to acquire Ethereum and deploy ETH into the company's financial operations.
Add to Favorites
Share to Social Media
