BitMine’s $300M stock move tests confidence in ETH treasury bet
BitMine’s $300M stock move tests confidence in ETH treasury bet
BitMine filed to offer $300 million in Series A perpetual preferred stock with a 9.5% annual dividend rate.The preferred shares are expected to trade on the NYSE under the ticker BMNP, subject to approval.BitMine holds more than 5.4 million ETH as it approaches its 5% of the Ethereum supply target.The offering comes as crypto treasury firms test preferred stock funding during pressure on digital asset prices.