BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury

Summary: Tom Lee, the market strategist known for his insightful predictions on Bitcoin (BTC) and broader crypto prices, has taken on the role of chairman of the board at BitMine Immersion Technologies, a Bitcoin mining company now setting its sights on becoming the largest publicly traded holder of Ethereum (ETH). Tom Lee Appointed Chairman At BitMine Lee’s appointment comes alongside an ambitious plan to raise $250 million in a private placement aimed at implementing a strategy that positions Ethereum as the primary treasury reserve asset, while still maintaining its core Bitcoin mining operations.
By Ronaldo Marquez on 2025-07-01 16:00. Aggregated by Coinblockers.