Bitmine Immersion Technologies BMNRCrypto
BitMine signs a $250 million private placement to start an Ethereum treasury; Thomas Lee becomes chairman
Filed Jun 30, 2025Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On June 30, 2025, it signed a private placement of 55,555,556 shares at $4.50 per share.
- Expected gross proceeds are about $250 million before fees, funded in cash and cryptocurrencies.
- It said it will use the proceeds to buy ETH, which will be its primary treasury reserve asset.
- Thomas Lee was elected a director and chairman; CEO Jonathan Bates stepped down as chairman.
Items reported
- 5.02 Executives or directors
- 7.01 Investor presentation
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.