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

ETH

ETH/USDT

$2,688.35

-1.36%

$2,688.35

-1.36%

(24s)

24h Volume

$8,735,532,990.69

24h H/L

$2,731.14 / $2,668.84

Change: $62.30 (2.33%)

Long/Short

61.0%

Long: 61.0%Short: 39.0%

Funding Rate

-0.0001%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,686.95

▼ -0.17%

Volume (24h): -

Resistance Levels

Resistance 3$3,143.74

Resistance 2$2,778.89

Resistance 1$2,700.65

Price$2,686.95

Support 1$2,681.00

Support 2$2,314.75

Support 3$2,159.67

Pivot (PP):$2,700.65

Trend:Uptrend

RSI (14):63.1

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…