BitMine Immersion Technologies announces that the issuance size of 9.5% Series A perpetual preferred shares has been increased from 3 million shares to 3.5 million shares, with an issue price of $80 per share, expecting to raise approximately $273.8 million in net proceeds, with settlement planned for June 10. The company states that the funds will be used to increase holdings of ETH and other digital assets, expand staking and validation infrastructure (including the MAVAN network), and for strategic investments. The preferred shares have been applied for listing on the NYSE under the ticker symbol "BMNP".

ETH-9.97%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned