Bitmine Immersion Technologies, a Crypto Treasury company dedicated to Bitcoin and Ether, said it controls more than 2% of the total ether supply after the sale of 2.4 million ETH.
The company revealed Monday that the ether (ETH) holders cost about $ 10.1 billion, making it the largest corporate ETH Treasury in the world. It also announces a Before The fundraising initiative aimed at pushing its reserves even higher.
Bitmine reported that it got ETH at an average price of about $ 4,500, about 7.25% above the current market price of $ 4,200.
According to the Strategic Eth Reserve DataBitmine is currently leading corporate ether treasury around the world. Sharpink Gaming, an Eth Treasury led by an Ethereum co-founder, is taking a silver medal, with 838,150 ETH in its balance.
The total property of Bitmine, combining equity, cash and crypto holdings, now standing for $ 11.4 billion. The portfolio places Bitmine with the leading crypto treasury companies, led by the approach, with 639,835 Bitcoin (Btc) costs more than $ 74 billion to Monday.
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Bitmine raises funds to a premium
Bitmine Says Monday it sells nearly 5.22 million distributing to $ 70 each, a 14% premium up to the 19th closure price of $ 61.29, in conjunction with 10.4 million warrants available at $ 87.50. The deal raised nearly $ 365 million in immediate income, with warrants who offered potential for another $ 913 million if it was fully exercised.
Bitmine chairman Thomas Lee has framing premium pricing as a sign of institutional confidence, noting that funds will be taught towards expanding the company’s ether ether ether reserves.
“The scene of both Wall Street moving to Blockchain and AI/ Agentic-Ai creating a token economy creates a supercycle for Ethereum,” Leed Says Monday.
The fundraising follows a $ 200 million Buying ETH earlier in September, when Bitmine added 46,255 ETH to its balance, shortly after revealing another $ 65 million buy and Holds 1.5% of all ether Supply to Sept. 2.
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Institutions are interested in crypto treasures
Bitmine clearly attracts attention, with Cathie Wood Ark Invest gets 101,950 shares in the company Earlier in September.
Recent reports also indicate that public companies are Raising the road -a million dollars in capital for cryptocurrency techniquesFurther adopting the idea that such proposals attract the investor’s interests.
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