Bitmine files to sell $300M of 9.5% preferred stock for ETH treasury capital
sec.gov •
Revision history
4 recorded changes
Want your article here?
Promote with Leviathan NewsBitmine filed a June 3 preliminary prospectus to sell 3 million shares of 9.50% Series A perpetual preferred stock with a $100 stated amount, effectively targeting $300 million before fees. The preferred accumulates cash dividends weekly when declared, and proceeds can go toward buying more ETH, expanding MAVAN staking and validator infrastructure, Ethereum ecosystem investments, working capital, or common-stock buybacks. Bitmine is packaging its ETH treasury and staking yield into another TradFi wrapper after reporting 4.47 million ETH held on Feb. 28 and about 4.7 million ETH staked through MAVAN by May 25.
TLDR by @Benthic
More on Treasury
Tether fills Twenty One audit committee seat after buying SoftBank's stake in 43,500 BTC treasury firm
tether.io ·
Zcash treasury firm Cypherpunk dismisses post-vulnerability panic as FUD, reaffirming plans to accumulate 5% of all ZEC while backing formal verification efforts
The Block ·
Crypto’s biggest bulls are sitting on a reported $22.5B in paper losses as Michael Saylor’s BTC is down $12.5B and Tom Lee’s ETH treasury over $10B after Ethereum plunged 25% in 10 days.
𝕏/@CoinDesk ·
Catena Labs cofounder says AI agents will eventually need their own banking stack, handling payments, lending, credit, FX conversion and treasury management autonomously
𝕏/@a16zcrypto ·
a16z urges Treasury to keep state stablecoin rules aligned with the GENIUS Act, warning fragmented regulations could undermine fungibility, competition and nationwide adoption
𝕏/@a16zcrypto ·
Bitmine adds 26,497 ETH as BMNR treasury reaches 5.42M ETH, 4.49% of supply
sec.gov ·
Tether fills Twenty One audit committee seat after buying SoftBank's stake in 43,500 BTC treasury firm
tether.io ·
Zcash treasury firm Cypherpunk dismisses post-vulnerability panic as FUD, reaffirming plans to accumulate 5% of all ZEC while backing formal verification efforts
The Block ·
Crypto’s biggest bulls are sitting on a reported $22.5B in paper losses as Michael Saylor’s BTC is down $12.5B and Tom Lee’s ETH treasury over $10B after Ethereum plunged 25% in 10 days.
𝕏/@CoinDesk ·
Catena Labs cofounder says AI agents will eventually need their own banking stack, handling payments, lending, credit, FX conversion and treasury management autonomously
𝕏/@a16zcrypto ·
a16z urges Treasury to keep state stablecoin rules aligned with the GENIUS Act, warning fragmented regulations could undermine fungibility, competition and nationwide adoption
𝕏/@a16zcrypto ·
Bitmine adds 26,497 ETH as BMNR treasury reaches 5.42M ETH, 4.49% of supply
sec.gov ·