via Cointelegraph · By Cointelegraph Staff
Bitmine Launches $300M Preferred Stock Offering for Ethereum
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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…
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