Bitmine adds another $136 million of ether after raising $274 million in preferred stock sale
Bitmine has purchased an additional $136 million in ether, bringing its total treasury holdings to $10.4 billion. The company funded this acquisition through a $274 million preferred stock sale, aiming to leverage staking rewards to cover dividend payments.
Why it matters
This move highlights the growing trend of corporate treasuries adopting crypto-asset strategies similar to MicroStrategy, potentially influencing market liquidity and institutional adoption of Ethereum.
The firm acquired 76,881 ether (ETH) over the past week, worth roughly $136 million based on ETH s current price, lifting Bitmine s treasury to 5.62 million ETH.
The article reports on financial transactions and corporate strategy using neutral, factual language without editorializing the risks or benefits.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in