Bitmine Raises $300M with Dividend Stocks

Bitmine is raising $300 million by issuing dividend-paying preferred stocks with a 9.5% annual yield, listing on the NYSE as BMNP — a bold move mirroring Bitcoin-focused firms like Michael Saylor’s, aimed at securing cash amid crypto’s downturn. Each $100 share pays weekly cash dividends and is redeemable at a premium, as the company seeks to bolster its digital asset reserves while investors scrutinize the long-term viability of such payouts in a volatile market.

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