The common stock was priced at $4.50 per share.
The expected aggregate gross proceeds from the transaction are approximately $250 million.
Proceeds from the private placement enable Bitmine Immersion Technologies, Inc. (BMNR) to adopt Ethereum as its primary treasury reserve asset.
The company will continue to focus on its core business operations.
The closing of the offering for Bitmine Immersion Technologies, Inc. (BMNR) is expected to occur on or about July 3, 2025.
Thomas Lee, newly appointed Chairman of the Board of Directors of XYZ Corporation (XYZ), said, This transaction includes the highest quality investors across trad-fi and crypto venture capital, properly reflecting the rapid and continued convergence of traditional financial services and crypto.
