Tom Lee's Ethereum treasury firm, through the preferred stock sale, is using a financing tool pioneered by Michael Saylor's bitcoin treasury firm Strategy. Bitmine purchased 76,881 ETH last week, worth roughly $136 million at current prices. The firm recently closed a $274 million preferred stock offering and plans to list the shares on the NYSE. Chairman Tom Lee said that Bitmine's Ethereum staking revenue provides support for preferred equity dividend payments. BitMine Immersio…
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