BitMine Immersion Now Holds Approximately $500 Million of Ethereum to Advance its Ethereum Treasury Strategy
BitMine Immersion (NYSE AMERICAN: BMNR) has announced that its Ethereum holdings have surpassed $500 million, more than doubling its initial $250 million private placement proceeds from July 9th. The company currently holds 163,142 ETH at $3,072.67 per ETH.
Under the leadership of newly appointed Chairman Thomas "Tom" Lee of Fundstrat and CEO Jonathan Bates, BitMine aims to increase its stake in the Ethereum network through reinvestment of cash flows, capital markets activities, and staking yield. The company draws parallels to Microstrategy's Bitcoin strategy, suggesting large ETH holdings could create a 'Wall Street put' similar to MSTR's 'sovereign put' with Bitcoin.
BitMine Immersion (NYSE AMERICAN: BMNR) ha annunciato che le sue partecipazioni in Ethereum hanno superato i 500 milioni di dollari, più che raddoppiando i proventi iniziali di 250 milioni di dollari derivanti da un collocamento privato del 9 luglio. Attualmente la società detiene 163.142 ETH a un prezzo di 3.072,67 dollari per ETH.
Sotto la guida del nuovo presidente Thomas "Tom" Lee di Fundstrat e dell’amministratore delegato Jonathan Bates, BitMine punta ad aumentare la sua quota nella rete Ethereum attraverso la reinvestizione dei flussi di cassa, attività sui mercati dei capitali e rendimenti da staking. L’azienda traccia un parallelo con la strategia Bitcoin di Microstrategy, suggerendo che grandi partecipazioni in ETH potrebbero creare una sorta di 'put di Wall Street' simile al 'put sovrano' di MSTR con Bitcoin.
BitMine Immersion (NYSE AMERICAN: BMNR) ha anunciado que sus tenencias de Ethereum han superado los 500 millones de dólares, más que duplicando los 250 millones de dólares iniciales obtenidos en una colocación privada el 9 de julio. Actualmente, la compañía posee 163,142 ETH a un precio de 3,072.67 dólares por ETH.
Bajo el liderazgo del recién nombrado presidente Thomas "Tom" Lee de Fundstrat y el CEO Jonathan Bates, BitMine busca aumentar su participación en la red Ethereum mediante la reinversión de flujos de efectivo, actividades en los mercados de capital y rendimientos por staking. La compañía establece un paralelismo con la estrategia de Bitcoin de Microstrategy, sugiriendo que grandes tenencias de ETH podrían crear un 'put de Wall Street' similar al 'put soberano' de MSTR con Bitcoin.
BitMine Immersion (NYSE AMERICAN: BMNR)는 이더리움 보유액이 5억 달러를 넘어섰다고 발표했으며, 이는 7월 9일의 2억 5천만 달러 사모 발행 수익을 두 배 이상 초과한 수치입니다. 현재 회사는 163,142 ETH를 ETH당 3,072.67달러에 보유하고 있습니다.
Fundstrat의 신임 회장 토마스 "톰" 리와 CEO 조나단 베이츠의 지도 아래, BitMine은 현금 흐름 재투자, 자본시장 활동, 스테이킹 수익을 통해 이더리움 네트워크에 대한 지분을 확대하는 것을 목표로 합니다. 회사는 Microstrategy의 비트코인 전략과 유사점을 제시하며, 대규모 ETH 보유가 MSTR의 비트코인 '주권 풋'과 비슷한 '월스트리트 풋'을 만들 수 있다고 제안합니다.
BitMine Immersion (NYSE AMERICAN : BMNR) a annoncé que ses avoirs en Ethereum ont dépassé les 500 millions de dollars, soit plus du double des 250 millions de dollars issus du placement privé initial du 9 juillet. La société détient actuellement 163 142 ETH à un prix de 3 072,67 dollars par ETH.
Sous la direction du nouveau président Thomas "Tom" Lee de Fundstrat et du PDG Jonathan Bates, BitMine vise à accroître sa participation dans le réseau Ethereum via la réinvestissement des flux de trésorerie, des activités sur les marchés de capitaux et les rendements du staking. L’entreprise établit un parallèle avec la stratégie Bitcoin de Microstrategy, suggérant que d’importantes détentions d’ETH pourraient créer un « put de Wall Street » similaire au « put souverain » de MSTR avec Bitcoin.
BitMine Immersion (NYSE AMERICAN: BMNR) hat bekannt gegeben, dass seine Ethereum-Bestände die Marke von 500 Millionen US-Dollar überschritten haben, was mehr als einer Verdoppelung der ursprünglichen 250 Millionen US-Dollar aus einer Privatplatzierung am 9. Juli entspricht. Das Unternehmen hält derzeit 163.142 ETH zu einem Preis von 3.072,67 US-Dollar pro ETH.
Unter der Leitung des neu ernannten Vorsitzenden Thomas "Tom" Lee von Fundstrat und CEO Jonathan Bates strebt BitMine an, seinen Anteil am Ethereum-Netzwerk durch Reinvestition von Cashflows, Kapitalmarktaktivitäten und Staking-Erträgen zu erhöhen. Das Unternehmen zieht Parallelen zur Bitcoin-Strategie von Microstrategy und schlägt vor, dass große ETH-Bestände eine Art 'Wall-Street-Put' schaffen könnten, ähnlich dem 'Sovereign Put' von MSTR mit Bitcoin.
- None.
- High exposure to ETH price volatility risk
- Concentrated investment strategy dependent on single cryptocurrency
- Potential regulatory risks associated with large crypto holdings
- Capital intensive strategy with significant market risk
Insights
BitMine has rapidly built a $500M ETH position, doubling their initial investment and positioning themselves as an institutional Ethereum treasury play.
BitMine Immersion has dramatically accelerated its Ethereum treasury strategy, accumulating 163,142 ETH valued at approximately
The company's strategy appears to be modeling itself after MicroStrategy's Bitcoin treasury approach, but with Ethereum as its asset of choice. By rapidly accumulating ETH, BitMine is positioning itself as potentially the first major institutional Ethereum treasury company - essentially becoming a publicly-traded ETH proxy with additional operational benefits.
What's particularly notable is the high-profile appointment of Thomas Lee from Fundstrat as Board Chairman, bringing significant Wall Street credibility to their crypto treasury strategy. His reference to a potential \"Wall Street put\" suggests they're pursuing a game theory advantage where accumulating
BitMine's articulated strategy includes three key mechanisms for increasing ETH held per share: reinvestment of cash flows, capital markets activities (using volatility to lower capital costs), and staking yield. This multi-pronged approach differentiates them from pure ETH holdings by potentially generating additional returns through staking while maintaining liquidity for opportunistic purchases.
The \"ETH-pilled\" comment from the CEO signals their bullish stance on Ethereum specifically, rather than cryptocurrency broadly - a targeted bet on Ethereum's ecosystem growth and potential future value appreciation.
Company's current total of approximately
BitMine's ETH holdings exceed 163,000
Company's Ethereum treasury strategy to strengthen broader Ethereum ecosystem
"Since closing on the
"We are pleased that we added significantly to our ETH treasury just 3 days after closing our private placement," said Jonathan Bates, CEO of BitMine. "Clearly Wall Street is getting 'ETH-pilled.'"
The Company previously stated its performance metric goal of increasing ETH held per share through a combination of reinvestment of the Company's cash flows, capital markets activities (including using volatility to lower cost of capital), and staking yield and the value of ETH is impacted by the change in value of ETH.
Thomas Lee further states: "Among Bitcoin treasury companies, we have witnessed the reflexive benefit of acquiring large holdings. Microstrategy (NASDAQ-MSTR), the leader, has accumulated more than 597,000 Bitcoin (per Microstrategy.com website). Such sizable holdings has created a 'sovereign put' for the company, meaning a nation-state views MSTR holdings as attractive if a nation ever wanted to acquire
About BitMine
BitMine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine's operations are located in low-cost energy regions in
Forward Looking Statements
This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This document specifically contains forward-looking statements regarding the potential benefits of the uses of proceeds of the Company's recent offering and future business plans. In evaluating these forward-looking statements, you should consider various factors, including BitMine's ability to keep pace with new technology and changing market needs; BitMine's ability to finance its current business and proposed future business; the competitive environment of BitMine's business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond BitMine's control, including those set forth in the Risk Factors section of BitMine's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on April 3, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of BitMine's filings with the SEC are available on the SEC's website at www.sec.gov. BitMine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE BitMine Immersion Technologies, Inc.
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