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According to ChainCatcher, as reported by PR Newswire, Ethereum treasury company BitMine announced that it has reached an agreement with an institutional investor on a securities subscription agreement. The agreement involves the sale of approximately 5.22 million shares at a price of $70 per share in a registered direct offering transaction, as well as the sale of approximately 10.4 million warrants with an exercise price of $87.5. The company expects the total gross proceeds from this offering, before deducting placement agent fees and other estimated offering expenses, to be approximately $365.24 million. If all warrants are exercised for cash, the potential total gross proceeds in the future would be about $913 million. Adding the proceeds from the common stock issuance and the cash proceeds from the warrant exercises, the total gross proceeds would reach approximately $1.28 billion. The company expects this offering to be completed around September 23, 2025, subject to customary closing conditions. According to previous reports, BitMine disclosed that it currently holds more than 2% of the ETH token supply, with total assets reaching $11.4 billion.

ChainCatcher news, BitMine Immersion Technologies (NYSE: BMNR), a Bitcoin and Ethereum network company focused on long-term investment in crypto assets, announced today that its total holdings of crypto assets + cash + "Moonshot Plan" have reached $11.4 billions. As of 4:00 PM Eastern Time on September 21, the company's crypto asset holdings include 2,416,054 ETH, 192 Bitcoin, $175 million worth of Eightco Holdings (Nasdaq: ORBS) equity ("Moonshot Plan" holdings), and $345 million in unrestricted cash. Last week, BitMine increased its holdings by 264,378 ETH.