On July 1st, according to market data, the US stock Bitmine Immersion Technologies (BMNR) closed with a surge of over 694% today, and further rose by over 40% after-hours, currently reported at $47.61.
BlockBeats previously reported that Bitmine announced earlier today the completion of a large private placement financing of $250 million, issuing 55,555,556 shares at a price of $4.50 per share. BitMine plans to use the raised funds primarily to increase its holdings of Ethereum (ETH), intending to make it a core reserve asset, while continuing to maintain its main Bitcoin mining business.
