BitMine Immersion Technologies, Inc. is a Bitcoin Network development company focused on accumulating Bitcoin for long term investment. On June 17, 2025, they celebrated the last day of Bitcoin purchases for their treasury with great fanfare. The company, which trades on NYSE American under the symbol BMNR, was able to successfully complete each of these acquisitions. Combined with the net proceeds from their recently completed offering of common stock that closed on Friday, June 6, 2025, they are using… BitMine earned Bitcoin through these proceeds and its illegal Bitcoin mining operations.

After deducting fees and expenses, the net proceeds received by BitMine from the share offering amounted to approximately $16.340 million. The company spent $16.347 million to buy 154.167 Bitcoin. Their average dollar cost was $106,033 per Bitcoin purchased.

"We are very excited to establish our Bitcoin Treasury and fulfill our commitment to invest 100% of the transaction proceeds into Bitcoin." - Jonathan Bates, BitMine's Chairman and CEO

BitMine receives Bitcoin through the operation of its Bitcoin mining facilities or from capital raising transactions. The offering was timed perfectly to net BitMine an impressive $7.3 million increase in cash via its sudden share issuance. Jonathan Bates is the Chairman and CEO of BitMine.

BitMine disclaims any obligation to provide updated statements for amendments, supplements or other updates subsequent to the date of release. The sole exception is if the law mandates it. This applies to all such “forward-looking statements,” including those that might have been made here.