Tom Lee's BitMine Immersion Aims to Raise as Much as $20B for More ETH Buys

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Tom Lee's BitMine Immersion Aims to Raise as Much as $20B for More ETH Buys

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Tracy D'souza coindesk

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Aug 13, 2025 0 min read

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Originally published at coindesk

Tom Lee’s BitMine Immersion plans to raise up to $20 billion via equity sales, boosting its total offering capacity to $24.5 billion, according to an SEC filing. The company already holds nearly $5 billion in Ethereum—over one million ETH—and aims to acquire 5% of the cryptocurrency’s total supply, positioning itself as the largest corporate ETH holder. BitMine’s stock, BMNR, is among the most actively traded in the U.S., enabling large-scale fundraising with minimal price disruption. The announcement helped drive Ethereum’s price to multi-year highs around $4,500. Lee’s strategy mirrors MicroStrategy’s Bitcoin play, signaling aggressive institutional accumulation in the ETH market.

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Original article: coindesk

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Tom Lee's BitMine Immersion Aims to Raise as Much as $20B for More ETH Buys

Tom Lee's BitMine Immersion Aims to Raise as Much as $20B for More ETH Buys

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