BitMine Immersion Technologies, Inc. announced the completion of all Bitcoin purchases from the proceeds of its recent public offering. The offering had closed on June 6, 2025, providing the company with capital for its digital asset strategy.
The net proceeds to the company from the offering, after deducting fees and expenses, amounted to approximately $16.340 million. BitMine utilized $16.347 million to acquire a total of 154.167 Bitcoin.
These Bitcoin were purchased at an average price of $106,033 per coin, establishing a tangible Bitcoin treasury for the company. This action fulfills BitMine's commitment to invest 100% of the transaction proceeds into Bitcoin.
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