Bitmine Immersion Technologies, Inc., Bitcoin Focused Technology Company. took the first step towards the Ministry of Finance’s accumulation with the open market purchase of 100 Bitcoins. The acquisition marks the launch of Bitmine’s official Bitcoin Treasury Business.
just:
The first time the published Bitmine Immersion Technologies purchased 100 #bitcoin. pic.twitter.com/4ppafqgmbr
– Bitcoin Magazine (@bitcoinmagazine) June 9, 2025
100 BTC was purchased using funds raised through Bitmine’s recent public stake offering, which was closed on June 6, 2025.
“We’re committed to providing a range of services to our customers,” said Jonathan Bates, chairman and CEO of Bitmine.
Bitmine’s financial strategy reflects the growth trends of public companies diversifying their balance sheets with Bitcoin as a valuable reservoir. The company participates in a cohort of companies that use revenue from the capital market to accumulate BTC as a long-term asset, reflecting a wider institutional adoption.
Based in areas with low-cost energy, such as Silverton, Texas and Trinidad, Bitmine operates include traditional Bitcoin mining, synthetic Bitcoin mining through hashrate financial products, and advisory services for businesses seeking Bitcoin construction revenue.
The company’s focus is not only on direct mining, but also on providing consulting and infrastructure solutions to other public companies entering the Bitcoin space. Strategic pivots towards financial holdings represent a natural extension of the belief in Bitcoin as a core financial asset.
Bitmine emphasized that it announced that the move was just the beginning. The company “hopes to advance the purchase of more Bitcoin,” pointing to a sustained long-term accumulation plan.
With this initial acquisition, Bitmine is located within the growth group of a group of companies that actively convert capital into Bitcoin. It not only constitutes an asset conviction, but also a business model made up of its surroundings.
This post Bitmine Immersion Technologies first published 100 Bitcoin on Bitcoin Magazine with the acquisition of First Treasury, written by Jenna Montgomery.
