Bitmine adds another $136 million of ether after raising $274 million in preferred stock sale
Hex37's read
- Bitmine raised $274 million in preferred stock.
- Bitmine added $136 million more Ether.
- Financing tool pioneered by Michael Saylor's firm used.
What it means for traders
- Increased institutional interest in ETH as Bitmine expands its holdings.
- Potential for similar treasury strategies to be adopted by other firms.
Affected markets
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