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BitMine plans to expand ATM stock issuance to $24.5 billion.
According to news from Hash Chain, the company submitted documents to the SEC indicating that BitMine(BMNR) plans to add a further $20 billion in "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 Ethereum. BMNR is listed on NYSE American, and the closing price on August 11 was $58.98.
#Cryptocurrency Blockchain #FinanceNews NYSE #SEC