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BitMine Immersion Technologies, a publicly traded Bitcoin miner, has raised $250 million to establish an Ethereum treasury. The move includes high-profile investors and the appointment of Fundstrat’s Tom Lee as Chairman.
- BitMine raised $250M in a private placement to build an Ethereum treasury, backed by top crypto investors.
- Tom Lee of Fundstrat joins as Chairman, highlighting the merger of TradFi and crypto.
- The firm plans to focus on Ethereum-based DeFi, staking, and stablecoins to grow ETH holdings per share.
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