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BitMine increases its holdings by 154 Bitcoins, investing $16.34 million to strengthen its Coin Hoarding strategy.
On June 18, according to reports, the technology company BitMine (BMNR), focused on accumulating Bitcoin for long-term investment, announced that it has spent $16.347 million to increase its holdings by 154.167 Bitcoins.
According to previous reports, BitMine announced on June 9 that it had purchased 100 Bitcoins in the open market using funds raised from its recent stock issuance, officially launching its Bitcoin reserve strategy.