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

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.

PRNewswire, PRNewswire, 4th June 2026, Chainwire