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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

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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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