Bitmine Launches $300M Preferred Stock Offering for Ethereum

ETH

ETH/USDT

$2,455.00

-2.85%

$2,455.00

-2.85%

(24s)

24h Volume

$9,687,710,664.69

24h H/L

$2,532.21 / $2,431.61

Change: $100.60 (4.14%)

Long/Short

60.1%

Long: 60.1%Short: 39.9%

Funding Rate

+0.0030%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,458.24

▲ 0.10%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,593.80

Resistance 1$2,516.30

Price$2,458.24

Support 1$2,445.59

Support 2$2,316.57

Support 3$2,190.00

Pivot (PP):$2,478.04

Trend:Uptrend

RSI (14):62.8

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…