Overview

• BitMine filed an amended SEC prospectus to expand its at-the-market equity offering by $20 billion, raising total approved stock sales to $24.5 billion
• The company disclosed a purchase of 317,126 ETH, boosting its corporate treasury to roughly 1.15 million tokens valued at about $5 billion
• BMNR shares rallied as much as 14% intraday following the fundraising announcement and closed nearly 6% higher on the NYSE American
• The ATM plan specifies issuing common shares at $0.0001 apiece through Cantor Fitzgerald with commissions capped at 3% of gross proceeds
• Filings state that proceeds may be used for further ethereum accumulation alongside general corporate purposes such as debt repayment, buybacks and infrastructure upgrades