BitMine Immersion Technologies Purchases 154,167 Bitcoin for $16.347 Million
Announcement of position expansion in the cryptocurrency market
On June 18, according to GlobeNewswire, the cooling solution technology company for cryptocurrency mining, BitMine Immersion Technologies, Inc. (NYSE American: BMNR), has completed the purchase of 154,167 bitcoin using funds from its latest common stock issuance. The average expenditure rate for each bitcoin is approximately $106,033, based on the net amount after fees of $16.34 million.
The company's digital asset accumulation strategy
This investment marks a significant step in BMNR's cryptocurrency ownership strategy. The company not only takes advantage of expanding its portfolio by directly accumulating bitcoin but also demonstrates a long-term commitment to the cryptocurrency industry. This action helps BMNR strengthen its position in the electronic mining race while enhancing stock value in the U.S. stock market.
Impact on Strategic Position and Shareholder Value
This accumulation significantly increases BMNR's total bitcoin holdings while reflecting confidence in the long-term profitability potential of cryptocurrency. With this investment, the company not only strengthens digital cash flow but also builds a more solid foundation to capitalize on profits from the highly competitive digital market. Investors can expect growth in the asset portfolio as the market continues to recover and expand.
Summary
The company purchases 154,167 bitcoin, valued at $16.347 million
Average price per bitcoin is $106,033
Utilizing capital from the latest stock issuance
Demonstrating long-term commitment in the cryptocurrency industry
Strengthening strategic position and shareholder value
Source: https://tintucbitcoin.com/bitmine-dau-tu-163-trieu-usd-mua-1542k-bitcoin/
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