Bitmine to launch STRC-style preferred stock offering amid $9.2 billion unrealized ETH losses
The Block·
60-second summary
Bitmine is launching a preferred stock offering in a style similar to STRC, amidst $9.2 billion in unrealized Ethereum losses. The company plans to use net proceeds for general purposes, which may include buying more ETH and expanding staking operations.
The company plans to use the net proceeds for general purposes, which may include purchasing additional ETH and expanding staking operations.