BitMine to raise $24.5B, Sharplink completes $389M stock sale

The corporate Ether acquisition race is accelerating as the world’s two largest Ether treasury firms are raising capital to acquire more of the world’s second-largest cryptocurrency, which is nearing its previous all-time high.

Public Bitcoin (BTC) mining firm BitMine Immersion Technology is looking to raise $24.5 billion through a new at-the-market (ATM) stock sale offering to acquire more Ether (ETH) tokens, according to a Tuesday US Securities and Exchange Commission filing.

BitMine’s offering comes the…