Bitmine Files 3 Million-Share 9.5% Perpetual Preferred Offering, May Fund More Ether Buys
Bitmine Immersion Technologies filed for a 3 million-share offering of 9.50% Series A perpetual preferred stock with a 9.5% annual dividend. The company said net proceeds may be used to buy additional Ether and other digital assets, expand staking and validator infrastructure including MAVAN, pursue strategic investments tied to the Ethereum ecosystem and broader digital-asset adoption, fund working capital and repurchase common stock.
The filing follows a rapid expansion of Bitmine’s Ether treasury. On June 1, the company said it had bought 26,497 ETH over the prior week, lifting holdings to 5.42 million ETH, or 4.49% of Ethereum’s circulating supply, then valued at about $10.8 billion. By June 3, estimates put Bitmine’s 5,416,901 ETH at about $10.03 billion, leaving roughly $8.86 billion in unrealized losses.
From the sources (17 posts)
@cointelegraph🔥 JUST IN: Bitmine bought 26,497 ETH over the past week, bringing its total holdings to 5.42M ETH.
@coinmarketcapJUST IN: ⚡ Bitmine acquired 26,497 ETH last week, bringing its total holdings to 5.42 million ETH.
@kalshi_cryptoJUST IN: Tom Lee's 'BitMine' buys $50M worth of Ethereum
@wublockchainBitmine Adds 26,497 ETH, Holdings Reach 5.42 Million ETH Bitmine (NYSE: BMNR) announced it acquired 26,497 ETH over the past week, bringing total holdings to 5.42 million ETH, equivalent to 4.49% of Ethereum’s circulating supply. The com
@degeneratenewsNEW: @BitMNR ANNOUNCES IT NOW HOLDS 4.49% OF TOTAL $ETH SUPPLY “BITMINE IS 90% OF THE WAY TO THE ‘ALCHEMY OF 5%’ IN JUST 11 MONTHS” SOURCE:
@kalshi_cryptoJUST IN: Tom Lee says 'BitMine' now holds 4.5% of the total Ethereum supply
@coingeckoJUST IN: BitMine Immersion purchases another 26,497 Ethereum.
@coindeskMARKETS: Tom @fundstrat Lee's @BitMNR acquires 26,497 $ETH, bringing total holdings to 5.42M $ETH worth $10.8B . The firm now controls 4.5% of Ethereum's total supply.
@theblockcoBitmine acquires 26,497 ETH as it targets a slower approach to 5% of Ethereum's total supply
@degeneratenewsBREAKING: TOM LEE'S @BitMNR $ETH PORTFOLIO DROPS BELOW $10 BILLION UNREALIZED LOSS NOW SURPASSES $8.8 BILLION SOURCE:
@kalshi_cryptoBREAKING: Tom Lee's Ethereum portfolio is now down $8,800,000,000
@lookonchainJUST IN: Tom Lee (@fundstrat)'s #Bitmine is down $8.9B on 5,416,901 $ETH ($10.03B). Michael Saylor (@saylor)'s #Strategy is down $7.6B on 843,706 $BTC ($56.26B).
@cointelegraph🚨 UPDATE: Tom Lee's Bitmine is currently sitting on $8.86 billion in unrealized losses on its Ethereum treasury.
@degeneratenewsNEW: @BitMNR FILES FOR 9.5% SERIES A PREFERRED STOCK OFFERING SOURCE:
@kalshi_cryptoJUST IN: BitMine files for 9.5% Series A Preferred Stock offering
@cointelegraph🔥 NEW: Bitcoin miner Bitmine Immersion Technologies filed for a 3 million-share Series A preferred stock offering with a 9.5% annual dividend.
@wublockchainLargest Ethereum Treasury Company Bitmine Plans 3 Million Shares of 9.50% Perpetual Preferred Stock, Proceeds May Be Used to Acquire Additional ETH Bitmine Immersion Technologies announced a proposed offering of 3 million shares of 9.50% S