Bitmine (BMNR) Rockets 8.58% on SEC Greenlight for $20B Mega-Offering
Bitmine's stock just got a turbocharge—BMNR spiked 8.58% after regulators gave the nod to a $20 billion capital injection. Here's why traders are scrambling.
The SEC Playbook: Printing Money or Just Paper?
Another day, another nine-figure crypto play. Bitmine's filing hit the wires, and the market reacted like it was 2021 all over again—proof that even in a bear market, hype still moves needles. The $20B offering? Either a masterstroke or a desperation pivot. Place your bets.
Post-Filing Frenzy: Who's Really Winning?
Market makers feasted on the volatility, but retail investors? They’re left decoding whether this is a liquidity moonshot or just another dilution dance. One thing’s clear: Wall Street’s crypto flirtation isn’t slowing down—even if the ‘blockchain revolution’ still smells like burnt VC money.
TLDR
- Bitmine shares jump 8.58% after $20B stock sale authorization news.
- SEC filing boosts Bitmine’s equity sale capacity to a total of $24.5B.
- BMNR rallies as Cantor, ThinkEquity to manage $20B at-the-market offering.
- Trading surges as Bitmine plans massive $20B fundraising expansion.
- $20B stock sale plan pushes BMNR near multi-month highs on heavy volume.
Bitmine Immersion Technologies, Inc.(BMNR) shares climbed 8.58% to $64.04 by early afternoon trading.
Bitmine Immersion Technologies, Inc.(BMNR)
The surge followed a sharp rebound from earlier session lows and came alongside heavier-than-usual market activity. The movement coincided with the company’s latest SEC filing announcing a significant increase to its equity offering capacity.
The filing detailed an additional $20 billion in common stock available for sale under its Controlled Equity OfferingSM Sales Agreement. This expansion pushes the total potential sales to $24.5 billion across the original and prior supplements. The update appears to have fueled market activity as traders reacted to the expanded capital raise authorization.
SEC Filing Expands Offering Capacity
The company filed a new prospectus supplement to amend its prior registration and sales plans under the Sales Agreement. The latest filing allows sales of up to $20 billion more in common stock in addition to earlier authorizations. This brings the cumulative limit to $24.5 billion, including prior $2 billion and $2.5 billion tranches.
JUST IN: 🇺🇸 Publicly traded Bitmine Immersion to raise up to $20,000,000,000 to buy more $ETH. pic.twitter.com/mzoi43dgtW
— Whale Insider (@WhaleInsider) August 12, 2025
BMNR had sold approximately $4.5 billion of stock under the prior prospectus arrangements. The filing indicated that $723 worth of common stock remains under the previous allotment, separate from the new authorization. The company can now execute further “at the market” sales through its designated agents.
Cantor Fitzgerald & Co. and ThinkEquity LLC remain named as agents under the Sales Agreement. They will earn up to a 3% commission on each sale, acting with commercially reasonable efforts. The agreement does not require either agent to make a minimum sales commitment.
Market Structure and Offering Details
The company may sell shares directly on NYSE or other U.S. trading platforms at market prices. It may also conduct negotiated transactions directly to the sales agents where terms permit. All sales will comply with Rule 415 under the Securities Act.
If BMNR and Cantor agree on alternative distribution methods outside public exchange trading, a new prospectus supplement will follow. This WOULD provide all required offering details under SEC rules before execution. The filing confirms no use of escrow or trust accounts for proceeds.
The agents will act as underwriters under securities laws, and their compensation will count as underwriting commissions. BMNR also agreed to indemnify the agents against certain liabilities under federal securities statutes. These arrangements ensure the offering process aligns with regulatory requirements while expanding the company’s capital access.
