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BitMine Completes $20 Billion Upsize of ATM Program

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Insight

BitMine Completes $20 Billion Upsize of ATM Program

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Less Than 1 Min Read

July 9, 2025

Winston & Strawn LLP represented BitMine Immersion Technologies, Inc. in connection with its latest expansion of its at-the-market (ATM) equity offering, increasing the program by $20 billion to a total of $24.5 billion. BitMine (NYSE: BMNR), a former bitcoin mining company now focused on building the largest Ethereum treasury in the world, currently holds more than 1,713,899 ETH valued at over $8.2 billion. 

The expanded ATM program is expected to provide capital to fund additional Ethereum purchases, strengthen the company’s market position, and advance its transition toward an Ethereum-focused business model. The offering is subject to market conditions and applicable regulatory requirements.

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