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via The Block · By The Block Editorial

Bitmine to launch STRC-style preferred stock offering amid $9.2 billion unrealized ETH losses

ETH

ETH/USDT

$1,880.53
+0.02%
24h Volume

$1,781,010,209.25

24h H/L

$1,886.58 / $1,876.01

Change: $10.57 (0.56%)

Long/Short
66.8%
Long: 66.8%Short: 33.2%
Funding Rate

+0.0046%

Longs pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$1,879.99

-0.14%

Volume (24h): -

Resistance Levels
Resistance 3$2,047.57
Resistance 2$1,932.92
Resistance 1$1,886.50
Price$1,879.99
Support 1$1,878.64
Support 2$1,838.57
Support 3$1,792.11
Pivot (PP):$1,881.75
Trend:Sideways
RSI (14):50.5
TB
The Block Editorial
(02:38 AM UTC)
1 min read
MR
Verified byMichael Roberts

Bitmine, the world's largest Ethereum treasury company, has submitted an application to launch a public offering of its Series A perpetual preferred stock.

According to a Wednesday filing with the Securities and Exchange Commission, Bitmine said it seeks to offer 3 million shares of the stock, with a fixed cumulative dividend rate of 9.50% annually on a per-share amount of $100.

Dividends will…

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The Block Editorial · The Block

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