Bitmine eyes dividend-paying preferred shares, echoing Strategy’s playbook

Polymarket has finalized a disputed prediction market with a “No” outcome after 98.6% of voting power backed the decision in a final UMA review, despite Strategy disclosing that it sold 32 Bitcoin before the market’s May 31 deadline. According to…

Understand what Amun Ether 3X Daily Long is, how 3x daily leveraged Ether exposure works, risks, and practical use cases for traders. The post Amun Ether 3X Daily Long: Token Overview and Mechanics appeared first on BiteMyCoin.

Bitmine's strategy could amplify financial risk, as its reliance on Ethereum's value and staking yields may impact dividend sustainability. The post Bitmine files for preferred stock offering with 9.5% yield, targeting $300M to buy more ETH appeared first on Crypto Briefing.

BitMine has moved to raise $300 million through a preferred stock sale as the Ethereum treasury firm turns to dividend-paying securities for fresh capital. According to a Wednesday filing with the U.S. Securities and Exchange Commission, BitMine Immersion Technologies is…

BitMine seeks NYSE listing for 9.50% preferred stock while its ETH holdings face a sharp unrealized loss. The post BitMine files 9.50% perpetual preferred stock plan as ETH hits lowest level since February appeared first on Crypto Briefing.

The market’s leading crypto, Bitcoin (BTC), is coming under fresh pressure as multiple warning signs converge—from heavy selling in the exchange-traded fund (ETF) complex to renewed doubt around Strategy’s long-held “never sell” narrative.  The result has been a weak session: on Wednesday, the cryptocurrency slipped below the key $66,000 level, extending a selloff that has already erased about $160 billion in overall market value this week, according to Bloomberg. $2.5M Bitcoin Sale Spooks Market Earlier in the week, Michael Saylor’s Strategy sold roughly $2.5 million worth of Bitcoin from a large holding currently valued at around $56 billion. Strategy reportedly reduced its hoard by only 32 tokens out of 843,706 coins.  Even so, analysts say the size of the sale matters less than the message it sends—especially at a time when Bitcoin has been underperforming over the past few weeks. Related Reading: Mastercard Unveils Stablecoin Settlement Support Spanning 8 Blockchains, Including Th

STRC has fallen below its $100 reference price this week after Strategy sold a small amount of bitcoin to help fund preferred stock distributions. According to Strategy’s latest securities filing, the company sold 32 BTC between May 26 and May…

Michael Saylor has reignited speculation about Strategy returning to Bitcoin purchases after the company sold 32 BTC for roughly $2.5 million last week. In a June 3 X post, Saylor shared a short message reading “₿ack to Work,” accompanied by…