Bitmine Offers 9.5% Yield On New Preferred Stock

CryptoProwl

Thu, June 4, 2026 astatine 8:10 AM CDT 1 min read

Ethereum (CRYPTO: $ETH) treasury institution Bitmine Immersion Technologies (NYSE: $BMNR) is offering investors a 9.5% output connected its caller preferred stock. 

The institution led by Chairman Tom Lee is borrowing a leafage from Strategy's (NASDAQ: $MSTR) playbook and launching a $300 cardinal U.S. preferred stock.

The preferred banal volition supply a caller means of backing for Bitmine.

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According to a filing with the U.S. Securities and Exchange Commission (SEC), the institution is offering 3 cardinal shares of its Series A Perpetual Preferred Stock astatine $100 U.S. per share.

The caller banal carries a 9.5% yearly dividend output paid play successful currency if declared by the company's committee of directors.

The preferred banal volition beryllium listed connected the New York Stock Exchange (NYSE) nether the ticker awesome “BMNP.” 

The offering comes arsenic integer plus treasury firms that are nether unit from the downturn successful cryptocurrency prices research caller backing methods. 

Bitmine remains among the astir assertive buyers of Ethereum, accumulating much than 5.3 cardinal ETH worthy astir $10 cardinal U.S. and controlling 4.5% of Ethereum's supply.

The institution has a stated extremity to ain 5% of Ethereum’s circulating supply. 

Currently, Bitmine is sitting connected a $9 cardinal U.S. unrealized insubstantial nonaccomplishment connected its Ethereum holdings arsenic the terms of ETH falls beneath $1,800 U.S. from astir $5,000 U.S. past August.