Bitmine’s move this round is quite interesting—taking MicroStrategy’s playbook and applying it to ETH staking, with a 9.5% weekly dividend plus a NYSE listing. Are traditional investors starting to take staking seriously?

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CoinNetwork
Analyst: Bitmine launches preferred stock worth 280–3 billion yuan, plans to increase its Ethereum holdings
Bitmine Immersion Technologies announces the issuance of approximately $280 million to $300 million, 9.50% perpetual preferred stock, code name BMNP, with a par value of $100, paid weekly dividends, and plans to list on the New York Stock Exchange.
The funds will be used to increase Ethereum holdings and expand staking and validator services, with an planned issuance of approximately 3 to 3.5 million Series A preferred shares.
The company states that 87% of Ethereum has been pledged, with annual staking income expected to be about $258 million, and plans to adopt Michael Saylor's Bitcoin treasury strategy, applying the same capital raising model to Ethereum staking.
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