Bitmine Immersion Doubles ATM Program to $4.5 Billion to Boost ETH Acquisitions and Asset Reserves

On July 24, Bitmine Immersion (BMNR) officially expanded its At-the-Market (ATM) offering from $2 billion to $4.5 billion, signaling a strategic move to bolster liquidity. The company submitted a prospectus supplement to the U.S. Securities and Exchange Commission (SEC), enabling ongoing sales of common stock via its designated brokers, Cantor Fitzgerald and ThinkEquity. This capital raise is designed to enhance Bitmine Immersion’s financial flexibility, facilitating the acquisition of additional Ethereum (ETH) assets and strengthening its overall cryptocurrency reserve portfolio. By leveraging this expanded ATM program, BMNR aims to optimize its balance sheet and support long-term growth within the volatile digital asset market.