Cryptocurrency

Bitmine Immersion Technologies Buy 100 Bitcoins in First Treasury

Bitcoin-centric technology company Bitmine Immersion Technologies, Inc. The first step has been taken through the open market purchase of 100 Bitcoins. The acquisition marks the launch of Bitmine’s official Bitcoin treasury business.

100 BTC was purchased using funds raised from Bitmine’s recent public stock, which closed on June 6, 2025. The product raised $18 million by selling 2,250,000 shares for $8.00 per share.

“We are excited to buy the open market purchases for the first time and hope to move more bitcoin purchases forward,” said Jonathan Bates, chairman and CEO of Bitmine.

Bitmine’s treasury strategy reflects the growth trend of listed companies, diversifying their balance sheets and using Bitcoin as a store of value. The company joins a group of companies that leverage capital market earnings, using BTC as a long-term asset accumulation, echoing a wider range of institutional adoption.

Based in low-cost energy-based regions including Pecos and Silverton, Texas and Trinidad, Bitmine’s operations cover traditional Bitcoin mining, synthesized Bitcoin mining through Hashrate Financial products, and consulting services for companies seeking revenue from Bitcoin depreciation.

The company’s focus is not only on direct mining, but also on providing consulting and infrastructure solutions to other public companies entering the Bitcoin space. Its strategic hub holdings in the Ministry of Finance represent a natural expansion of its belief in Bitcoin as a core financial asset.

Bitmine emphasized at the announcement that the move was only the beginning. The company “expects to move more bitcoin purchases forward”, pointing to the ongoing long-term accumulation plan.

With this initial acquisition, Bitmine placed itself in a growing corporate community, actively converting capital into Bitcoin, not only introducing the beliefs in the assets, but also shaping the business model around it.

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