BUSINESSJun 4 · 02:38 UTCTHE BLOCKDanny Park

Bitmine to launch STRC-style preferred stock offering amid $9.2 billion unrealized ETH losses

Bitmine plans to launch a preferred stock offering similar to STRC's structure. The company intends to use the net proceeds for general purposes, including purchasing additional ETH and expanding staking operations. The announcement comes amid $9.2 billion in unrealized ETH losses.

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