Tom Lee's Bitmine borrows a page from Saylor's playbook to offer 9.5% yield in preferred stocks

60-second summary

Tom Lee's Bitmine is issuing preferred stocks to tap new funding sources, offering a 9.5% yield, mirroring a strategy employed by Michael Saylor. This move allows Bitmine to access capital without diluting existing equity, a common tactic in the crypto space. The preferred shares will provide a steady income stream, benefiting investors.