BitMine Immersion (BMNR), the #1 ETH Holder, Files to Sell $24.5 Billion in Stock to Buy More Crypto

Bitmine Immersion (BMNR), the #1 corporate ETH holder, has filed to raise a massive $24.5 billion. The company already holds 1.15 million ETH, more than 10x its closest public competitor. Proceeds from the stock sales may be used to acquire even more Bitcoin and Ethereum. Ethereum treasury company BitMine Immersion Technologies (BMNR) has massively expanded its war chest, filing a supplementary proposal to increase its capacity to sell common stock under its at-the-market (ATM) program to $24.5 billion to diversify into crypto. The SEC filing breaks down the total into $2 billion from the current proposal, $2.5 billion from a prior supplement, and a new $20 billion allocation. Breaking: Ethereum treasury company BitMine released a supplementary prospectus stating that they are increasing the total amount of Common Stock that may be sold under the Sales Agreement to up to $24.5 billion, comprising of up to $2.0 billion under the Prospectus, $2.5 billion… pic.twitter.com/SGLTpnq5O4 — Wu Blockchain (@WuBlockchain) August 12, 2025 Part of a bigger trend. BitMine is leading the pack, but they aren’t the only ones. Here’s our news report on Ethereum becomi… The post BitMine Immersion (BMNR), the #1 ETH Holder, Files to Sell $24.5 Billion in Stock to Buy More Crypto appeared first on Coin Edition .

Source: Coin Edition