Bitmine Launches $300M Preferred Stock Offering with 9.5% Yield
2026-06-04 00:06:34
BitMine Immersion Technologies, led by Fundstrat co-founder Tom Lee, is launching a $300 million preferred stock offering, according to a filing with the U.S. Securities and Exchange Commission. The company is offering 3 million shares of Series A Perpetual Preferred Stock at $100 per share, with a 9.5% annual dividend rate. The shares will be listed on the NYSE under the ticker BMNP, subject to approval. This move follows the strategy of bitcoin-centric firms like Michael Saylor's Strategy to secure new funding sources amid crypto market pressures, according to CoinDesk.
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