Bitcoin Miner Bitmine Technologies secured a private place in the amount of $ 250 million to accelerate its Treasure Ether.
Bitmine has signed a private place to buy and sell in the amount of 55,555,556 ordinary shares for USD 4.50 per share, bringing an impact on a gross of around USD 250 million before expenditure, said the company on Monday announcement.
Mozayyx led a raise, with the participation of Funders Fund, Panther, Falconx, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management and Thomas Lee. It is expected that the transaction is to be closed on Thursday, provided that the conditions, including authorization of the application supplementing the list by Nyse American, will be met.
Thomas Lee, chairman of Bitmine, said that Stablecouins are “cryptographic” chatgpt “and expects that the ether (ETH) will appreciate thanks to their adoption.” Ethereum is blockchain, in which most Stablecoin payments are transaction […] And in this way ETH should take advantage of this height, “he said.
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Corporate ethereum Treasuries is growing
The announcement of Bitmine is a consequence of a series of recent movements of publicly traded companies in order to establish treasurers focused on ET. A few weeks ago, the Sharplink Gaming bookmaking platform purchased 176 271 ether for $ 463 million. This made the company the largest ETH owner in the world.
The announcement took place after Sharplink introduced his ether treasury at the end of May. The company also nominated the co -founder of Ethereum Joseph Lubin as president of the board.
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Thanks to this Bitmine announcement, with the Bitcoin (BTC) logo, at least partly rotates to Ethereum. Until this month, the company’s tax strategy focused on collecting bitcoins.
“Bitmine is a company Bitcoin and Ethereum Network, which focuses on collecting cryptocurrencies in the field of long -term investment,” we read in the company’s announcement. Bitcointreasuries.net data It indicates that Bitmine currently has 154 BTC worth about $ 17 million and is the 62 largest Bitcoin corporate treasury.
Bitmine is not alone in creating rotation. Last week, the Bit Digital shares fell by almost 4% after the cryptocurrency mining company announced that it would disappear or sell Bitcoin mining infrastructure and use influence to buy more ether. The shares then fell almost 19% in five days – with a 15% decline within 24 hours – shortly after.
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