[Ethereum Treasury Company BitMine to Conduct Over $365 Million Registered Direct Offering] According to PR Newswire, Ethereum treasury company BitMine announced that it has reached an agreement with an institutional investor on a securities subscription agreement. The agreement involves selling approximately 5.22 million shares at $70 per share and approximately 10.4 million warrants with an exercise price of $87.50 in a registered direct offering transaction. The company expects total gross proceeds from this offering, before deducting placement agent fees and other estimated issuance expenses, to be approximately $365.24 million. If all warrants are exercised for cash, the potential future total proceeds could reach approximately $913 million. Adding the proceeds from the common stock issuance and the cash exercise of warrants, the total funds raised would amount to approximately $1.28 billion. The company anticipates the offering to be completed around September 23, 2025, subject to customary closing conditions. Earlier reports revealed that BitMine currently holds over 2% of the ETH token supply, with total assets amounting to $11.4 billion.