via CryptoSlate · By CryptoSlate Editorial
Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion
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Longs pay
Thomas Lee's BitMine is turning to the preferred-stock market to raise fresh capital for its Ethereum strategy, offering investors a 9.5% annual payout.
On June 3, the company revealed plans to sell 3 million shares of 9.50% Series A perpetual preferred stock with a $100 stated amount, creating a potential $300 million raise.
The shares are expected to trade on the New York Stock Exchange under the…
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