Summary
- BitMine Immersion Technologies announced that it used the entire public offering proceeds of $16.34 million to buy 154.167 BTC.
- BitMine emphasized its Bitcoin reserve strategy, stating that the average purchase price per 1 BTC was $106,033.
- CEO Jonathan Bates highlighted the fulfillment of the promise to use 100% of the public offering proceeds for Bitcoin.
BitMine Immersion Technologies, a mining company listed on the New York Stock Exchange, announced that it has used 100% of its public offering proceeds to reserve a total of 154.167 Bitcoins.
According to GlobeNewswire on the 18th (local time), BitMine stated in a press release, "We used the net proceeds of $16.34 million raised from the recent public offering to purchase a total of 154.167 BTC," adding, "The average purchase price per 1 BTC was $106,033."
Jonathan Bates, CEO of BitMine, said, "I am pleased to participate in the Bitcoin reserve strategy" and "We are proud to have kept our promise to use 100% of the public offering proceeds for Bitcoin."
Previously, on the 9th (local time), BitMine had made its first Bitcoin purchase with the raised funds. At that time, the purchase volume was 100 BTC.
Son Min
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