Reported 1 day ago
Tom Lee's BitMine Immersion Technologies (BMNR) has raised $365 million by selling shares at $70 each to expand its holdings in ether, now owning over 2% of the crypto's supply. The company's treasury is valued at $11.4 billion, including 2,416,054 ETH, 192 BTC, and significant cash reserves. Lee aims to acquire 5% of the total ETH supply, reflecting growing institutional interest in Ethereum as Wall Street embraces blockchain technology.
Source: YAHOO