BitMine is borrowing from Strategy’s Bitcoin playbook, debuting its own preferred share in an upsized offering to raise funds to buy Ethereum.

Shares of Tom Lee's Ethereum treasury firm hit their lowest level since the company's crypto pivot as ETH revisits the February lows.

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.

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.

L'emissione azioni privilegiate Bitmine da 300 milioni finanzia l'accumulo di Ethereum. Scopri rendimento e rischi del titolo BMNP.

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

Peter Schiff says Bitmine Immersion (NYSE:BMNR) is “borrowing a page from Saylor’s Ponzi playbook” after filing to raise $300 million throu

BitMine files for $300M preferred stock at 9.5% yield to expand its 5.4M ETH treasury, mirroring Strategy's STRC playbook with staking yield as the funding mechanism.

PRNewswire, PRNewswire, 5th June 2026, Chainwire

BitMine is borrowing from Strategy’s Bitcoin playbook, debuting its own preferred share in an upsized offering to raise funds to buy Ethereum.