US stock BMNR rises over 250% after announcing a $250 million financing to execute ETH reserve strategy

According to BlockBeats news, on June 30th, according to market data, US stock Bitmine Immersion Technologies, Inc. (BMNR) rose over 250%, reaching a high of $15.76. BlockBeats previously reported that Bitmine announced earlier today the completion of a large private equity financing of $250 million, issuing 55555556 shares at a price of $4.50 per share. BitMine plans to raise funds primarily to increase its holdings of Ethereum (ETH) as a core reserve asset, while continuing to maintain its main business of Bitcoin mining.