BitMine's ETH Holdings Holds ~$500M With 163,142 ETH, Doubling Initial $250M PIPE Investment

Benzinga·07/14/2025 12:49:13

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Company's current total of approximately $500 million of ETH exceeds the initial $250 million PIPE proceeds by over 100%

BitMine's ETH holdings exceed 163,000

Company's Ethereum treasury strategy to strengthen broader Ethereum ecosystem

LAS VEGAS, July 14, 2025 /PRNewswire/ -- (NYSE:BMNR) ("BitMine" or the "Company") today announced holdings of ETH exceeding $500 million. The Company closed on its initial private placement of $250 million on July 9th in furtherance of its asset light treasury strategy. As of July 14th at 7:45am ET, the company's ETH holdings total 163,142 at $3,072.67 per ETH (Bloomberg).

"Since closing on the $250 million private placement, we have surpassed $500 million in Ethereum holdings, which validates our mission to increase our stake in the Ethereum network," said Thomas "Tom" Lee of Fundstrat, the newly appointed Chairman of BitMine's Board of Directors.

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