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BitMine plans to expand the ATM issuance of A-shares to $24.5 billion.
PANews August 12 news, according to the company’s filing with the SEC, BitMine (BMNR) plans to add an additional $20 billion “market-based” common stock issuance authority on top of the original $4.5 billion and the previously authorized $2.5 billion issuance limit, bringing the total scale to $24.5 billion. The company stated that this move will provide funding support for further purchases of Ether. BMNR is listed on NYSE American, and the closing price on August 11 was $58.98.