BitMine announces that it has spent $16.347 million to purchase 154.167 bitcoins

According to GlobeNewswire, BitMine Immersion Technologies, Inc. (NYSE American: BMNR) announced that it has completed the purchase of all bitcoins in the company's treasury using the proceeds from Bitline's latest common stock issuance. After deducting fees and expenses, the company earned a net profit of approximately $16.34 million from this issuance, and spent $16.347 million to purchase 154.167 bitcoins at an average price of $106033.