Tom Lee's Bitmine to offer preferred stock with 9.5% dividend, seeking to raise $300 million

The largest Ethereum treasury firm is taking a page from Michael Saylor's Strategy to issue preferred shares to tap new sources of funding. What to know : Bitmine is offering perpetual preferred stocks with a 9.5% annual dividend, aiming to raise up to $300 million, a company filing shows. The firm is following the steps of bitcoin-centric peers like Michael Saylor's Strategy to tap new sources for funding digital asset treasuries. The preferred shares will be listed on the New York Stock Exchange (NYSE) under the ticker BMNP.