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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
$1,881.52
-0.11%
$1,881.52
-0.11%
(24s)24h Volume
$1,519,991,923.49
24h H/L
$1,886.58 / $1,877.01
Change: $9.57 (0.51%)
Long/Short
67.0%
Long: 67.0%Short: 33.0%
Funding Rate
+0.0047%
Longs pay
Data provided by COINOTAG DATALive data
BE
BeInCrypto Editorial(04:29 AM UTC)
1 min read
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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