With ETH dropping to $1,750, Tom Lee's Bitmine filed documents with the SEC: Plans to issue 3 million shares of 9.5% Series A perpetual preferred stock, each with a par value of $100, aiming to raise $300 million. The funds will be used to buy ETH, expand staking, and possibly repurchase shares. They plan to list on the NYSE under the ticker BMNP. Isn't this just copying Saylor's STRC model? The question is, with a $9.2 billion unrealized loss and still doubling down, should we call Tom brave or just plain foolish?