BitMine ($BMNR) has announced a significant capital raise, selling 5.2M shares at $70.00, a 14% premium to its last closing price, and warrants at $87.50. This move is expected to raise $365M initially, potentially reaching $1.28B, with proceeds primarily used to increase its Ethereum ($ETH) holdings. This offering signals strong institutional confidence and is considered materially accretive to existing shareholders, positioning BMNR as a key direct Ethereum exposure play.