BitMine (BMNR.US) firmly adheres to the "exchange stocks for coins" route: raising $3.65 billion at a high premium to acquire Ethereum.

Wisdom Finance app learned that the stock price of Bitmine Immersion (BMNR.US), a "treasury company" focused on Ethereum, fell nearly 10% in pre-market trading on the US stock market. Earlier, the company, which has made large purchases of Ethereum, announced a pricing of $365.24 million for a direct issuance and related asset holdings.