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via BeInCrypto · By BeInCrypto Editorial

BitMine Tests Saylor’s Capital Strategy While Sitting on $8 Billion ETH Loss

ETH

ETH/USDT

$2,478.33

+1.08%

$2,478.33

+1.08%

(24s)

24h Volume

$4,202,883,084.30

24h H/L

$2,482.20 / $2,443.04

Change: $39.16 (1.60%)

Long/Short

60.8%

Long: 60.8%Short: 39.3%

Funding Rate

+0.0017%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,477.61

▲ 0.89%

Volume (24h): -

Resistance Levels

Resistance 3$3,005.72

Resistance 2$2,855.08

Resistance 1$2,516.30

Price$2,477.61

Support 1$2,409.42

Support 2$2,316.57

Support 3$2,190.00

Pivot (PP):$2,478.04

Trend:Uptrend

RSI (14):63.9

BeInCrypto Editorial

(04:29 AM UTC)

1 min read

Verified byJames Mitchell

0 comments

BitMine Immersion Technologies (BMNR) announced plans to sell 3 million shares of 9.50% Series A Perpetual Preferred Stock at $100 each.

The structure closely mirrors the financing model used by Michael Saylor’s MicroStrategy to buy crypto.

A Familiar Playbook

Digital asset treasury firms raise capital in public markets, then buy tokens with the proceeds. Strategy (MSTR) pioneered the approach with…

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Source

BeInCrypto Editorial · BeInCrypto

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