The company plans to use the net proceeds for general purposes, which may include purchasing additional ETH and expanding staking operations.

PRNewswire, PRNewswire, 1st June 2026, Chainwire

A week after notching its largest purchase of 2026, BitMine was back in the order books, accumulating more Ethereum.

Bitmine Immersion Technologies Announces Proposed Series A Perpetual Preferred Stock Offering

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 seeks NYSE listing for 9.50% preferred stock while its ETH holdings face a sharp unrealized loss.

The company plans to use the net proceeds for general purposes, which may include purchasing additional ETH and expanding staking operations.

PRNewswire, PRNewswire, 4th June 2026, Chainwire

Bitmine files to issue 3 million preferred shares at $100 each, targeting $300M to expand its 5.42 million ETH treasury through a 9.5% yield offering on

Bitmine plans to raise $300 million via preferred perpetual stock to buy more Ether and expand its staking and validator network.

Bitmine Immersion Technologies plans to issue 3M shares of 9.50% perpetual preferred stock to raise $300M for Ethereum purchases and staking expansion.

Bitmine launches $300M, 9.50% preferred stock offering to fund adding to its 5.4M ETH treasury and staking growth.

The offering would tie fixed cash dividends to a staking-heavy ETH treasury model as Strategy’s preferred stock remains under pressure.