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via Decrypt · By Decrypt Editorial
Tom Lee’s BitMine Plans $300M Preferred Stock Sale for ETH Treasury Push
ETH
ETH/USDT
$2,691.58
+0.59%
$2,691.58
+0.59%
(24s)24h Volume
$12,857,901,488.95
24h H/L
$2,706.00 / $2,600.15
Change: $105.85 (4.07%)
Long/Short
60.5%
Long: 60.5%Short: 39.5%
Funding Rate
+0.0024%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(10:49 AM UTC)
1 min read
In brief
- BitMine is seeking to raise up to $300 million for its ETH treasury strategy.
- The shares would carry a $100 stated amount and 9.50% annual dividend.
- Staking yield may help fund payouts, though ETH price and timing risks remain, analysts say.
Ethereum treasury firm BitMine is seeking to raise up to $300 million through the sale of 3 million preferred shares to support ETH purchases…
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