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

ETH

ETH/USDT

$1,880.67

-0.05%

$1,880.67

-0.05%

(24s)

24h Volume

$1,769,818,847.28

24h H/L

$1,886.58 / $1,876.01

Change: $10.57 (0.56%)

Long/Short

66.6%

Long: 66.6%Short: 33.4%

Funding Rate

+0.0044%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,880.72

▼ -0.10%

Volume (24h): -

Resistance Levels

Resistance 3$2,047.57

Resistance 2$1,932.92

Resistance 1$1,886.53

Price$1,880.72

Support 1$1,878.64

Support 2$1,838.57

Support 3$1,792.11

Pivot (PP):$1,881.75

Trend:Sideways

RSI (14):50.7

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…