BitMine Tests Saylor’s Capital Strategy While Sitting on $8 Billion ETH Loss
BitMine Immersion Technologies (BMNR) introduced plans to promote 3 million shares of 9.50% Series A Perpetual Preferred Stock at $100 every. The construction carefully mirrors the financing mannequin utilized by Michael Saylor’s MicroStrategy to purchase crypto. A Familiar Playbook Digital asset treasury corporations increase capital in public markets, then purchase tokens with the proceeds. Strategy…
