Firms Turn to Capital Markets to Accelerate BTC Accumulation
The post Firms Turn to Capital Markets to Accelerate BTC Accumulation appeared on BitcoinEthereumNews.com. Two publicly listed firms have recently taken significant steps to grow their Bitcoin treasuries, reflecting the continued adoption of cryptocurrency as a corporate reserve asset. Strategy Inc. (NASDAQ: MSTR) added approximately 10,000 BTC using proceeds from its latest preferred stock issuance, while BitMine Immersion Technologies (NYSE American: BMNR) finalized the purchase of over 150 BTC following a common stock offering. BitMine Immersion Technologies Completes $16.3M Bitcoin Treasury Acquisition Following Public Stock Offering BitMine Immersion Technologies, Inc. (NYSE American: BMNR), a publicly traded Bitcoin network infrastructure and investment company, has officially completed the deployment of all net proceeds from its recent equity raise into direct Bitcoin purchases, reinforcing its long-term strategy to build a Bitcoin-centric treasury model. In an announcement released Tuesday, the company revealed it had finalized the acquisition of 154.167 Bitcoin at an average price of $106,033 per coin, using $16.347 million—a sum that nearly mirrors the $16.340 million in net proceeds raised from its offering of common stock, which closed on June 6, 2025. A Bitcoin-First Corporate Treasury CEO Jonathan Bates commented on the milestone, saying, “We are very excited to establish our Bitcoin Treasury and fulfill our commitment to invest 100% of the transaction proceeds into Bitcoin,” said Bates. “This is not just a financial strategy—it’s a fundamental part of our identity as a Bitcoin-native business.” This direct investment marks one of the most aggressive treasury conversions to Bitcoin among US-listed public companies in 2025, aligning BitMine with the likes of Strategy and other Bitcoin-forward enterprises that have prioritized the digital asset over traditional fiat reserves. BitMine has differentiated itself from other crypto mining firms by blending traditional immersion cooling-based Bitcoin mining with emerging services in the synthetic hashrate and Bitcoin-denominated financial product sectors. The company operates mining sites in low-cost energy regions, including Trinidad, Pecos, Texas,…
The post Firms Turn to Capital Markets to Accelerate BTC Accumulation appeared on BitcoinEthereumNews.com.
Two publicly listed firms have recently taken significant steps to grow their Bitcoin treasuries, reflecting the continued adoption of cryptocurrency as a corporate reserve asset. Strategy Inc. (NASDAQ: MSTR) added approximately 10,000 BTC using proceeds from its latest preferred stock issuance, while BitMine Immersion Technologies (NYSE American: BMNR) finalized the purchase of over 150 BTC following a common stock offering. BitMine Immersion Technologies Completes $16.3M Bitcoin Treasury Acquisition Following Public Stock Offering BitMine Immersion Technologies, Inc. (NYSE American: BMNR), a publicly traded Bitcoin network infrastructure and investment company, has officially completed the deployment of all net proceeds from its recent equity raise into direct Bitcoin purchases, reinforcing its long-term strategy to build a Bitcoin-centric treasury model. In an announcement released Tuesday, the company revealed it had finalized the acquisition of 154.167 Bitcoin at an average price of $106,033 per coin, using $16.347 million—a sum that nearly mirrors the $16.340 million in net proceeds raised from its offering of common stock, which closed on June 6, 2025. A Bitcoin-First Corporate Treasury CEO Jonathan Bates commented on the milestone, saying, “We are very excited to establish our Bitcoin Treasury and fulfill our commitment to invest 100% of the transaction proceeds into Bitcoin,” said Bates. “This is not just a financial strategy—it’s a fundamental part of our identity as a Bitcoin-native business.” This direct investment marks one of the most aggressive treasury conversions to Bitcoin among US-listed public companies in 2025, aligning BitMine with the likes of Strategy and other Bitcoin-forward enterprises that have prioritized the digital asset over traditional fiat reserves. BitMine has differentiated itself from other crypto mining firms by blending traditional immersion cooling-based Bitcoin mining with emerging services in the synthetic hashrate and Bitcoin-denominated financial product sectors. The company operates mining sites in low-cost energy regions, including Trinidad, Pecos, Texas,…
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