BitMine Immersion Technologies, Inc., a bitcoin-focused technology company, has announced the pricing of an $18 million underwritten public offering and confirmed its uplisting to the NYSE American stock exchange.
This development marks a significant step forward in the company’s broader strategy to expand its investment footprint within the digital asset space.
The offering includes 2,250,000 shares of common stock, priced at $8.00 per share, which is expected to generate approximately $18 million in gross proceeds before deducting underwriting discounts and offering-related expenses. In addition, BitMine has granted underwriters a 45-day option to purchase up to 337,500 additional shares to cover potential over-allotments, enhancing the flexibility of the raise.
$BMNR Bitmine Immersion Technologies announces $18M public offering, uplisting to NYSE
BitMine Immersion “announced the pricing of an underwritten public offering of 2,250,000 shares of its common stock at a price to the public of $8.00 per share, for gross proceeds of $18…
— DonCorleone77 (@CorleoneDon77) June 5, 2025
According to the company, proceeds from the offering will be used primarily to acquire bitcoin, reinforcing BitMine’s long-term strategy of building a substantial reserve of digital assets. By combining mining operations with capital raises, the firm aims to maximize its exposure to Bitcoin’s future appreciation.
In line with this momentum, BitMine’s shares officially begin trading on the NYSE American under the ticker symbol “BMNR” starting June 5. At the same time, its listing will be removed from the OTCQX Best Market. Importantly, current shareholders are not required to take any action during this transition.
ThinkEquity is serving as the sole book-running manager for the offering, which follows the SEC’s approval of BitMine’s Form S-1 registration statement on June 4, 2025. The final prospectus will be available on the SEC’s official website at www.sec.gov and via ThinkEquity.
Meanwhile, in a parallel move signaling further mainstream adoption of digital assets, NYSE Arca has submitted a proposal to the SEC to list and trade shares of the Bitwise Dogecoin ETF. Filed under a 19b-4 rule change, the proposal—if approved—would provide investors with regulated exposure to Dogecoin without requiring direct custody, further bridging the gap between memecoins and traditional finance.
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