BitMine Files to Raise $300 Million via Preferred Stock to Expand Ethereum Holdings
By
Rizwan Ansari
Summary
Tom Lee-backed BitMine has filed plans to raise $300 million through a preferred stock offering, with proceeds intended to purchase more Ethereum and expand its staking operations. The company is pursuing a goal of controlling 5% of Ethereum's total supply. The SEC filing details an offering of 3 million shares of 9.50% Series A Perpetual Preferred Stock at $100 per share.
Source
bskyBitMine Files to Raise $300 Million via Preferred Stock to Expand Ethereum Holdingscoinpedia.orgKey quotes
· 4 pulledTom Lee-backed BitMine is doubling down on Ethereum.
The company has filed plans to raise to $300 million through a new preferred stock offering, with much of the capital expected to fund additional ETH purchases and expand its staking operations.
The move comes as BitMine races toward its goal of controlling 5% of Ethereum's total supply.
BitMine plans to offer 3 million shares of its 9.50% Series A Perpetual Preferred Stock, each carrying a stated value of $100.
You might also wanna read
Ether climbs toward $2K as Bitmine buys ETH, Robinhood L2 boost
42,197 ETH Acquired as Bitmine Builds $11.1B Crypto Treasury While Strategy Sells
Bitmine Immersion Technologies Reports $10.7B in Crypto and Cash Holdings, Owns 4.7% of Total ETH Supply
Bitmine Immersion Technologies (BMNR) announces it holds 5.67 million ETH tokens, representing 4.7% of the total ETH coin supply of 120.7 mi
prnewswire.com·15d ago
Bitmine announces $74M Ether buys as chair says ‘greater chances of Clarity Act passage’
Correction Notice: Bitmine Immersion Technologies (BMNR) ETH Holdings Announcement
This is a correction notice for a press release from Bitmine Immersion Technologies, Inc. The original release announced that the company's
prnewswire.com·1d ago
Bitmine Immersion Technologies Reports $9.8B in Crypto and Cash Holdings, Owns 4.7% of All Ethereum
Bitmine Immersion Technologies (BMNR) has announced significant cryptocurrency holdings, including 5.70 million ETH tokens (4.7% of total ET
prnewswire.com·8d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.