Bitmine Launches $300M Preferred Stock Offering for Ethereum

ETH

ETH/USDT

$1,882.06

+0.23%

$1,882.06

+0.23%

(24s)

24h Volume

$1,627,034,173.46

24h H/L

$1,886.58 / $1,877.01

Change: $9.57 (0.51%)

Long/Short

66.9%

Long: 66.9%Short: 33.1%

Funding Rate

+0.0029%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,880.48

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$2,047.57

Resistance 2$1,932.92

Resistance 1$1,886.52

Price$1,880.48

Support 1$1,853.62

Support 2$1,791.99

Support 3$1,712.62

Pivot (PP):$1,881.75

Trend:Sideways

RSI (14):50.6

Cointelegraph Staff

(05:34 AM UTC)

1 min read

Approved bySarah Chen

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Ethereum treasury company Bitmine Immersion Technologies is launching a $300 million perpetual preferred stock offering, borrowing a page from Strategy’s financing playbook.

Bitmine told the SEC on Wednesday that it intends to offer 3 million of its 9.5% Series A perpetual preferred stock at $100 per share, which will trade under the symbol BMNP within 30 days of issuance.

Preferred…