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Tom Lee's Bitmine (BMNR) to offer preferred stock with 9.5%, following Strategy's playbook

CS
CoinDesk Staff
(10:18 PM UTC)
1 min read
EW
Verified byEmily Watson

Tom Lee's Bitmine to offer preferred stock with 9.5% dividend, seeking to raise $300 million

The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding.

BitMine Immersion Technologies (BMNR), an Ethereum treasury company led by Fundstrat co-founder Tom Lee, is borrowing a page from Strategy's financing playbook and…

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