📰 BitMine Files for $300 Million Preferred Stock Offering to Fund ETH Accumulation
🗓️ Jun 04 2026 04:25 UTC - Blockhead
The 9.5% Series A Preferred Stock, underwritten by Moelis and Cantor, would be funded by staking yield on a treasury that has lost more than $9 billion since inception.
➤ BitMine is seeking to raise up to $300 million through a preferred stock offering to fund further ETH accumulation and expand its staking infrastructure.
➤ The preferred stock carries a 9.5% annual dividend, intended to be funded by ETH staking yield, though the company has a significant unrealized loss on its treasury holdings.
➤ The offering structure and strategy mirror those of other large corporate crypto holders, highlighting a trend in using traditional finance instruments for digital asset acquisition.
#bitmine #preferredstockoffering #ethaccumulation #stakingyield #treasury #nyse #moelis #cantor #unrealizedloss #corporateethereumholder
🔗 Read more at: https://rwatimes.io/articles/blockhead-bit-mine-files-for-300-million-preferred-stock-offering-to-fund-eth-accumulation-1987491119
npub1rx…plrum
2026-06-04 09:50:13 UTC
Author Public Key
npub1rx9s98w7h8we47lmv5um68v8d4p78twcthmagfqc68ty0z6hl85suplrumPublished at
2026-06-04 09:50:13 UTCEvent JSON
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"content": "📰 BitMine Files for $300 Million Preferred Stock Offering to Fund ETH Accumulation\n🗓️ Jun 04 2026 04:25 UTC - Blockhead\n\nThe 9.5% Series A Preferred Stock, underwritten by Moelis and Cantor, would be funded by staking yield on a treasury that has lost more than $9 billion since inception.\n\n➤ BitMine is seeking to raise up to $300 million through a preferred stock offering to fund further ETH accumulation and expand its staking infrastructure.\n➤ The preferred stock carries a 9.5% annual dividend, intended to be funded by ETH staking yield, though the company has a significant unrealized loss on its treasury holdings.\n➤ The offering structure and strategy mirror those of other large corporate crypto holders, highlighting a trend in using traditional finance instruments for digital asset acquisition.\n\n#bitmine #preferredstockoffering #ethaccumulation #stakingyield #treasury #nyse #moelis #cantor #unrealizedloss #corporateethereumholder\n\n🔗 Read more at: https://rwatimes.io/articles/blockhead-bit-mine-files-for-300-million-preferred-stock-offering-to-fund-eth-accumulation-1987491119",
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