PANews June 30 news, according to PR Newswire, Bitcoin mining company BitMine (NYSE AMERICAN: BMNR) announced pricing and signed a private placement agreement to purchase and sell 55,555,556 common shares (or common stock equivalents in lieu) at $4.50 per share, with an estimated total proceeds of approximately $250 million, excluding placement agent fees and other issuance expenses, to implement Ethereum financial strategy. The transaction was led by MOZAYYX, with participation from investors including Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management and Thomas Lee. The offering is expected to be completed on or about July 3, 2025, subject to customary closing conditions. The company plans to use the net proceeds from the offering to purchase Ethereum and invest ETH in the company's financial operations. ETH will serve as the company's main financial reserve asset.