<ul data-eligibleForWebStory="true"><li>BitMine plans to raise $250 million to build an Ethereum treasury and has appointed Tom Lee as the board chair.</li><li>The company will sell over 55 million shares at $4.50 each in a private placement to redirect proceeds into Ethereum purchases.</li><li>High-profile investors like Founders Fund, Pantera, and Galaxy Digital are backing BitMine's funding round for the Ethereum treasury strategy.</li><li>BitMine aims to make Ethereum its core asset and engage in staking and DeFi protocols, mirroring MicroStrategy's Bitcoin-first approach.</li></ul>

Major Bitcoin Miner to Raise $250 Million for Ethereum Treasury

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