Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion

Thomas Lee's BitMine is turning to the preferred-stock market to raise fresh capital for its Ethereum strategy, offering investors a 9.5% annual payout. On June 3, the company revealed plans to sell 3 million shares of 9.50% Series A perpetual preferred stock with a $100 stated amount, creating a potential $300 million raise. The shares The post Ethereum treasury giant offers 9.5% payout as BitMine paper losses top $8.5 billion appeared first on CryptoSlate.