Home / Business and Economy / Bitmine Offers Perpetual Stock for ETH Accumulation
Bitmine Offers Perpetual Stock for ETH Accumulation
5 Jun
Summary
- Bitmine filed for a $300 million Series A Perpetual Preferred Stock offering.
- The offering could fund additional ETH and digital asset acquisition.
- The company disclosed substantial ETH and crypto holdings as of January 2026.
Bitmine Immersion Technologies filed with the US Securities and Exchange Commission on Wednesday to launch a Series A Perpetual Preferred Stock offering. This offering targets approximately $300 million in gross proceeds.
The company is offering 3 million shares at $100 per share, with a cumulative 9.5% annual dividend. Failure to pay dividends can lead to compounding interest, capped at 15% annually.
Proceeds from the offering may fund the acquisition of additional ETH and other digital assets. Other permitted uses include expanding staking and validator infrastructure, working capital, strategic investments, and repurchases of common stock.
As of January 2026, Bitmine disclosed holdings of approximately 4,143,502 ETH, 192 BTC, and a $25 million stake in Eightco Holdings, alongside roughly $915 million in cash, totaling approximately $14.2 billion in crypto-plus-cash assets.
