BitMine Immersion Technologies is seeking $300 million through a preferred stock sale that would pay a 9.5% annual dividend and, if approved, be listed on the New York Stock Exchange. The filing gives the Tom Lee-led company fresh money it can use to add more Ether while tying investor returns to a board-declared cash payout.
A New Way To Fund Ether Buying
The company said it plans to sell 3 million shares at $100 each, according to a supplement filed with the SEC. BitMine also said the dividend would be paid in cash if the board declares it, which makes the structure different from a simple one-time stock sale.
The filing goes further than a normal fundraising note. BitMine said its business strategy is now centered on the Ethereum blockchain, ETH, staking, validator infrastructure, and treasury management.
Tom Lee / @BitMNR just filed to raise $300M through 9.5% preferred stock while ETH is breaking down. This looks like a deliberate move to accelerate accumulation.
The
We współpracy z: https://www.newsbtc.com/news/ethereum/bitmine-seeks-300m-raise-to-accelerate-ethereum-accumulation-strategy/
