BitMine now holds $500M in Ethereum, up from $250M PIPE proceeds in 3 days

BITMINE IMMERSION TECHNOLOGIES, INC.

ETH holdings total 163,142 at $3,072.67 per ETH, exceeding $500M as of July 14.
Initial $250M private placement closed July 9; holdings doubled within 3 days.
Thomas 'Tom' Lee of Fundstrat appointed Chairman of BitMine's Board.
Company's Ethereum treasury strategy aims to accumulate 5% of ETH supply for 'Wall Street put'.

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