Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion

ETH

ETH/USDT

$2,473.22

+0.53%

$2,473.22

+0.53%

(24s)

24h Volume

$3,969,845,527.66

24h H/L

$2,474.44 / $2,443.04

Change: $31.40 (1.29%)

Long/Short

60.3%

Long: 60.3%Short: 39.8%

Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,459.79

▲ 0.16%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,593.80

Resistance 1$2,516.30

Price$2,459.79

Support 1$2,448.56

Support 2$2,316.57

Support 3$2,190.00

Pivot (PP):$2,478.04

Trend:Uptrend

RSI (14):62.9

CryptoSlate Editorial

(12:55 PM UTC)

1 min read

Reviewed byEmily Watson

0 comments

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…