BitMine Launches Bitcoin Treasury with First 100 BTC Purchase
Las Vegas, June 9, 2025 — BitMine Immersion Technologies, Inc. (NYSE American: BMNR), a Bitcoin-focused tech firm, has initiated its Bitcoin Treasury strategy with an open‑market purchase of 100 BTC, funded through its newly closed public stock offering The company raised $18 million by selling 2.25 million shares at $8 each, in an offering that closed on June 6, 2025
This move aligns with a rising trend of public companies using capital‑markets proceeds to diversify with Bitcoin as a long‑term asset. BitMine joins peers leveraging raised funds to bolster their BTC holdings
Operating in low‑cost energy hubs—Pecos and Silverton (Texas), and Trinidad—BitMine’s integrated platform spans traditional and synthetic Bitcoin mining, along with advisory services for firms seeking Bitcoin‑denominated revenue streams
By adding treasury Bitcoin to its portfolio, the company further embraces Bitcoin as a fundamental financial asset, complementing its mining and mining‑services business nasdaq.com.
This acquisition is just the beginning for BitMine’s treasury efforts. The company reiterates its commitment to continue building its Bitcoin reserves over time
With this strategic shift, BitMine positions itself among an expanding group of publicly traded firms actively converting capital into Bitcoin—demonstrating both conviction in the crypto asset and a business model built around it
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