Tom Lee’s Ethereum Treasury BitMine Prices Preferred Shares With 9.5% Dividend

In brief

• BitMine raised ~$274 million by selling 3.5 million shares of preferred stock at $80/share, less fees.
• Proceeds will fund Ethereum acquisitions, staking infrastructure, and possible stock buybacks.
• The preferred shares pay a 9.5% annual dividend and are expected to list on the NYSE…