Wu Blockchain (@WuBlockchain): Largest Ethereum Treasury Company Bitmine Plans 3 Million Shares of 9.50% Perpetual Preferred Stock, Proceeds May Be Used to Acquire Additional ETH

Largest 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% Series A Perpetual Preferred Stock. The company said net proceeds may be used to acquire additional ETH and other digital assets, expand staking and validator infrastructure including MAVAN, pursue strategic investments related to the Ethereum ecosystem and broader digital asset adoption, fund working capital, and repurchase common stock.