Mining company BitMine announced the launch of a Bitcoin reserve strategy and has purchased 100 BTC.

robot
Abstract generation in progress

On June 9, the cryptocurrency mining company BitMine Immersion Technologies announced that it had purchased 100 Bitcoins on the open market using funds raised from a recent stock issuance, officially launching its Bitcoin reserve strategy. The company stated that it will continue to increase its holdings of Bitcoin in the future as a long-term investment and a core business pillar.

On June 5, Bitcoin mining company BitMine Immersion Technologies, Inc. (NYSE American: BMNR) announced the completion of an $18 million initial public offering, issuing 2.25 million shares of common stock at a price of $8 per share, and has been approved for listing on the NYSE American. The company plans to use the net proceeds from the fundraising to purchase Bitcoin.

BTC-2,92%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)