BitMine Tests Saylor’s Capital Strategy While Sitting on $8 Billion ETH Loss
BitMine Immersion Technologies (BMNR) announced plans to sell 3 million shares of 9.50% Series A Perpetual Preferred Stock at $100 each. The structure closely mirrors the financing model used by Michael Saylor’s MicroStrategy to buy crypto. A Familiar Playbook Digital asset treasury firms raise capital in public markets, then buy tokens with the proceeds. Strategy...
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
