BitMine Tests Saylor’s Capital Strategy While Sitting on $8 Billion ETH Loss

BitMine Immersion Technologies (BMNR) announced plans to sell 3 million shares of 9.50% Series A Perpetual Preferred Stock at $100 each. The structure closely mirrors the financing model used by Michael Saylor’s MicroStrategy to buy crypto. A Familiar Playbook Digital asset treasury firms raise capital in public markets, then buy tokens with the proceeds. Strategy