BitMine Raises $18M for Bitcoin Acquisition Through Public Offering

BitMine Immersion Technologies has announced a public stock offering of $18 million to expand its Bitcoin holdings. The company plans to allocate all proceeds toward purchasing Bitcoin (BTC), further solidifying its strategy of direct investment and mining. The offering will provide 2.25 million shares priced at $8.00 each, with an underwriter option to purchase additional shares. The offering is expected to close on June 6, subject to customary conditions. BitMine’s stock has been approved for listing on the NYSE American exchange under the ticker BMNR, starting trading on June 5th after the OTCQX Best Market cessation.