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BitMine sets $300M perpetual preferred deal with a fixed 9.50% annual dividend
On Jun 4, 2026, BitMine said it would raise up to $300 million by selling 3 million shares of perpetual preferred stock with a $100 stated value per share and a fixed 9.50% annual dividend paid weekly. The company said proceeds may support general corporate purposes such as buying more ETH, expanding staking and validator infrastructure, strategic Ethereum-ecosystem investments, and potential share repurchases.