U.S. listed mining company, First direct Bitcoin purchase... 100 BTC secured

The Bitcoin mining company BitMine Immersion Technologies, listed on The New York Stock Exchange, has announced that it has purchased Bitcoin directly for the first time. The company said that a total of 100 BTC was purchased this time, but did not disclose the specific timing or price of the acquisition.

The move to purchase directly by mining companies, which have indirectly accumulated Bitcoin through mining revenue, is an unusual move. This can be interpreted as part of a strategy for asset diversification and long-term holding, along with expectations for future BTC price increases. BitMine's decision may affect the investment strategies of other listed mining companies.