Bitmine Plans $300M Preferred Stock Offering for Ethereum Purchases

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According to Bitmine's official announcement on June 3, the Nasdaq-listed Ethereum treasury firm plans to issue 3 million Series A preferred shares at $100 each, raising $300 million with a 9.5% annual dividend. The company stated that net proceeds will be used for general corporate purposes, including the acquisition of additional Ethereum and other digital assets, expansion of the company's staking and validator infrastructure, and potential share repurchase programs.
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