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🔥 Tom Lee's BitMine Plans Additional $300M Preferred Stock Offering with 9.5% Dividend BitMine Immersion Technologies (BMNR) has announced plans to issue 3 million shares of perpetual preferred stock, targeting approximately $300 million in new capital. The preferred shares, expected to trade under the ticker BMNP on the NYSE, will carry a fixed 9.5% annual dividend paid in cash. According to the company, the proceeds may be used to acquire additional ETH, expand staking operations, invest in the Ethereum ecosystem, support working capital needs, and potentially repurchase BMNR shares. The move further highlights Tom Lee's strategy of transforming BitMine into a large-scale Ethereum treasury company, mirroring the Bitcoin accumulation model pioneered by Strategy. #DailyOrbit $ETH $BTC