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Bitmine Plans $20B Ethereum Blitz — Could ETH Hit $15,000? - BitMine Immersion Techs (AMEX:BMNR)

BitMine Immersion aims to hold up to 5% of Ethereum's supply with a $24.5 billion equity raise, driving ETH's price over $4,400 amid growing institutional demand.

Summary by Benzinga
Ethereum's (CRYPTO: ETH) next moonshot might be brewing — and it's not coming from a meme coin army, but from Bitmine Immersion Technologies Inc's (NYSE:BMNR) boardroom. The Cathie Wood, Peter Thiel and Tom Lee backed crypto infrastructure company is reportedly planning to raise a staggering $20 billion for one purpose: to buy ETH. Track ETH price swings here. That's double the scale of the last big corporate buying spree, which sent prices fro…

10 Articles

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Crypto Briefing broke the news in on Tuesday, August 12, 2025.
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