BitMine Immersion Applied sciences Buys 100 Bitcoin In First Treasury Acquisition

The 100 BTC have been bought utilizing funds raised by means of BitMine’s latest public inventory providing, which closed on June 6, 2025. The providing raised $18 million by means of the sale of two,250,000 shares at $8.00 per share.

“We’re excited to make our first open market buy of Bitcoin, and count on to make extra Bitcoin purchases transferring ahead,” said Jonathan Bates, Chairman and CEO of BitMine.

BitMine’s Treasury technique displays a rising development amongst public corporations to diversify their steadiness sheets with Bitcoin as a retailer of worth. The corporate joins a cohort of firms leveraging proceeds from capital markets to build up BTC as a long run asset, echoing broader institutional adoption. 

Based mostly in areas with low-cost vitality—together with Pecos and Silverton, Texas, and Trinidad—BitMine’s operations span conventional Bitcoin mining, artificial Bitcoin mining by means of hashrate monetary merchandise, and advisory providers for corporations searching for Bitcoin-denominated revenues. 

The corporate’s focus shouldn’t be solely on direct mining but additionally on providing consulting and infrastructure options to different public companies getting into the Bitcoin house. Its strategic pivot towards treasury holdings represents a pure extension of its perception in Bitcoin as a core monetary asset.

BitMine emphasised in its announcement that the transfer is just the start. The corporate “expects to make extra Bitcoin purchases transferring ahead,” pointing to a sustained long-term accumulation plan.

With this preliminary acquisition, BitMine has positioned itself amongst a rising group of corporations actively changing capital into Bitcoin—showcasing not solely conviction within the asset however a enterprise mannequin structured round it.