Bitmine Immersion Expands ATM Program to $4.5 Billion

According to BlockBeats, Bitmine Immersion (BMNR) has increased the size of its "at-the-market" (ATM) offering program from $2 billion to $4.5 billion. On July 24, the company submitted a supplemental prospectus to the U.S. Securities and Exchange Commission, authorizing the continuous sale of common stock in the open market through brokers Cantor Fitzgerald and ThinkEquity. This expansion aims to provide funding for further acquisition of ETH and to enhance asset reserves. Previously, Bitmine updated its ETH holdings, reporting a total of 566,776 ETH as of 11:59 p.m. Eastern Time on July 23, 2025 (11:59 a.m. UTC+8 today), valued at over $2 billion.