The US stock BMNR rose over 250%, having previously announced a $250 million financing to implement its ETH reserve strategy.

According to BlockBeats news, on June 30, data from the market shows that the US stock Bitmine Immersion Technologies, Inc. (BMNR) rose over 250%, reaching a high of $15.76. BlockBeats previously reported that Bitmine announced earlier today the completion of a large private sale financing of $250 million, issuing 55,555,556 shares at a price of $4.50 per share. BitMine plans to use the funds mainly to increase its holdings in Ethereum (ETH), intending to make it a core reserve asset while continuing to maintain its main business in Bitcoin mining.

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