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Bitmine has increased its market stock issuance scale to $4.5 billion to increase its holdings in Ethereum.
On July 24, Bitmine Immersion (BMNR) raised the scale of its "At Market Issuance" (ATM) plan from $2 billion to $4.5 billion. The company submitted a supplementary prospectus to the SEC on July 24, authorizing the continuous sale of common stock in the open market through the brokerages Cantor Fitzgerald and ThinkEquity. This issuance provides funding support for the company to further increase its ETH holdings and expand its asset reserves. According to previous reports, Bitmine updated its ETH holdings status, stating that as of 11:59 PM Eastern Time on July 23, 2025 (11:59 PM Beijing Time today), Bitmine held a total of 566,776 ETH, worth over $2 billion.