BitMine now holds ~$1B of Ethereum, exceeding $250M PIPE proceeds by over 300%

BITMINE IMMERSION TECHNOLOGIES, INC.

Total ETH holdings 300,657 valued at $3,461.89 per ETH as of July 17, 2025.
Initial $250M PIPE closed July 8; holdings grew to $1B in 7 days.
60,000 ETH ($200M notional) held via in-the-money options, backed 1:1 with cash.
Chairman Tom Lee states goal to acquire and stake 5% of total ETH supply.
Company uses reinvestment, capital markets activities, and staking yield to grow ETH per share.

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