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Scott Melker: Bitmine announces 9.50% preferred stock offering to fund ETH acquisitions
Scott Melker, owner and content creator, reports that Bitmine has announced a proposed 9.50% Series A perpetual preferred stock offering under BMNP.
The offering is intended to fund ETH acquisitions, staking infrastructure, and strategic digital asset expansion.
Melker previously noted panic selling in crypto markets triggered by Strategy's minor BTC sale and wallet movements related to Mt. Gox. He has also stated that Bitcoin became unstoppable after its creator, Satoshi Nakamoto, disappeared. The latest Bitmine offering comes as digital asset markets continue to see notable shifts.
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