via BeInCrypto · By BeInCrypto Editorial
BitMine Tests Saylor’s Capital Strategy While Sitting on $8 Billion ETH Loss
ETH/USDT
$13,039,698,159.96
$1,833.40 / $1,728.95
Change: $104.45 (6.04%)
+0.0050%
Longs pay
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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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