BitMine buys 154 BTC with entire $16.3M stock offering proceeds

BitMine Immersion Technologies, a Bitcoin mining company listed on the New York Stock Exchange, has completed the purchase of 154.17 Bitcoin using all $16.3 million in net proceeds from its recent stock offering, with an average price of $106,033 per BTC, according to its GlobeNewswire press release. The company aims to build a long-term Bitcoin treasury.