Ether Treasury Race Accelerates With $24.5B BitMine Raise, as US Debt Hits $37T: Finance Redefined

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The institutional Ethereum treasury race is accelerating, as two of the biggest corporate Ether holders are raising billions of dollars to acquire more of the world’s second-largest cryptocurrency.

Public Bitcoin mining firm BitMine Immersion Technology is raising $24.5 billion through an at-the-market (ATM) stock offering, while SharpLink completed a $389 million capital raise from common shares.

Whales, or large crypto holders, have also been accumulating ahead of this week’s key US inflation reports. A new entity acquired $1.3 billion worth of…



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Ether Treasury Race Accelerates With $24.5B BitMine Raise, as US Debt Hits $37T: Finance Redefined


The institutional Ethereum treasury race is accelerating, as two of the biggest corporate Ether holders are raising billions of dollars to acquire more of the world’s second-largest cryptocurrency.

Public Bitcoin mining firm BitMine Immersion Technology is raising $24.5 billion through an at-the-market (ATM) stock offering, while SharpLink completed a $389 million capital raise from common shares.

Whales, or large crypto holders, have also been accumulating ahead of this week’s key US inflation reports. A new entity acquired $1.3 billion worth of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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