BitMine Targets $20B Raise to Boost Ethereum Holdings

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BitMine, a major Ethereum treasury company, has updated its prospectus to increase the size of its Common Stock offering to $24.5 billion. This total includes $2 billion from the current prospectus, $2.5 billion from a previous supplement, and an additional $20 billion from the latest filing. The capital raise is aimed at aggressively expanding BitMine’s ETH holdings, further securing its position as one of the largest institutional Ethereum holders and highlighting growing corporate confidence in Ethereum’s long-term potential.