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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

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24h Volume

$10,092,826,299.03

24h H/L

$2,533.23 / $2,431.61

Change: $101.62 (4.18%)

Long/Short
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Long: 60.1%Short: 39.9%
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Longs pay

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Ethereum
Ethereum
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$2,458.24

0.10%

Volume (24h): -

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Resistance 2$2,593.80
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Price$2,458.24
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Support 3$2,190.00
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Trend:Uptrend
RSI (14):62.8
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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