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

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.