Bitcoin Magazine
BitMine Immersion Technologies Buys 100 Bitcoin in First Treasury Acquisition
BitMine Immersion Technologies, Inc., a Bitcoin focused technology company, has taken its first step into treasury accumulation with the open market purchase of 100 Bitcoin. The acquisition marks the launch of BitMine’s formal Bitcoin Treasury business.
JUST IN: Publicly traded BitMine Immersion Technologies bought 100 #Bitcoin for the first time. pic.twitter.com/4PPaFQGMbr
— Bitcoin Magazine (@BitcoinMagazine) June 9, 2025
The 100 BTC were purchased using funds raised through BitMine’s recent public stock offering, which closed on June 6, 2025. The offering raised $18 million through the sale of 2,250,000 shares at $8.00 per share.
“We are excited to make our first open market purchase of Bitcoin, and expect to make more Bitcoin purchases moving forward,” said Jonathan Bates, Chairman and CEO of BitMine.
BitMine’s Treasury strategy reflects a growing trend am
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