BitMine Immersion (BMNR), the #1 ETH Holder, Files to Sell $24.5 Billion in Stock to Buy More Crypto

• Bitmine Immersion (BMNR), the #1 corporate ETH holder, has filed to raise a massive $24.5 billion.
• The company already holds 1.15 million ETH, more than 10x its closest public competitor.
• Proceeds from the stock sales may be used to acquire even more Bitcoin and Ethereum.

Ethereum treasury company BitMine Immersion Technologies (BMNR) has massively expanded its war chest, filing a supplementary proposal to increase its capacity to sell common stock under its at-the-market (ATM) program to $24.5 billion to diversify into crypto.

The SEC filing breaks down the total into $2 billion from the current proposal, $2.5 billion from a prior supplement, and a new $20 billion allocation.

Breaking: Ethereum treasury company BitMine released a supplementary prospectus stating that they are increasing the total amount of Common Stock that may be sold under the Sales Agreement to up to $24.5 billion, comprising of up to $2.0 billion under the Prospectus, $2.5 billion… pic.twitter.com/SGLTpnq5O4

— Wu Blockchain (@WuBlockchain) August 12, 2025

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