π° BitMineβs $300M stock move tests confidence in ETH treasury bet
ποΈ Jun 03 2026 23:05 UTC
BitMine has moved to raise $300 million through a preferred stock sale as the Ethereum treasury firm turns to dividend-paying securities for fresh capital. According to a Wednesday filing with the U.S. Securities and Exchange Commission, BitMine Immersion Technologies isβ¦
β€ BitMine is raising $300 million through a preferred stock sale with a 9.5% annual dividend rate, aiming to list on the NYSE.
β€ The company holds over 5.4 million ETH, representing a significant portion of its assets, despite substantial unrealized losses.
β€ This move follows a trend of crypto treasury firms using preferred equity financing amidst current market pressures and scrutiny of similar models.
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BitMineβs $300M stock move tests confidence in ETH treasury bet
BitMine has moved to raise $300 million through a preferred stock sale as the Ethereum treasury firm turns to dividend-paying securities for fresh ...














