BitMine Immersion Technologies, Inc., a Bitcoin centered expertise firm, has taken its first step into treasury accumulation with the open market buy of 100 Bitcoin. The acquisition marks the launch of BitMine’s formal Bitcoin Treasury enterprise.
The 100 BTC had been bought utilizing funds raised via BitMine’s current public inventory providing, which closed on June 6, 2025. The providing raised $18 million via the sale of two,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,” stated Jonathan Bates, Chairman and CEO of BitMine.
BitMine’s Treasury technique displays a rising development amongst public firms to diversify their stability sheets with Bitcoin as a retailer of worth. The corporate joins a cohort of companies 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 via hashrate monetary merchandise, and advisory companies for firms looking for Bitcoin-denominated revenues.
The corporate’s focus will not be solely on direct mining but additionally on providing consulting and infrastructure options to different public companies coming 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 only the start. The corporate “expects to make more Bitcoin purchases moving forward,” pointing to a sustained long-term accumulation plan.
With this preliminary acquisition, BitMine has positioned itself amongst a rising group of firms actively changing capital into Bitcoin—showcasing not solely conviction within the asset however a enterprise mannequin structured round it.
