Bitmine adds another $136 million of ether after raising $274 million in preferred stock sale
CoinDesk 2026-06-15 13:04:51
Context: The event is related to a financial transaction involving the acquisition of ether by Bitmine, a company described as an Ethereum treasury firm founded by Tom Lee. This transaction occurred after the company raised a significant amount of capital through a preferred stock sale. The specific location mentioned is not explicitly stated in the provided information, but based on the context, it appears to be related to Bitmine's operations.
Key Facts
- Bitmine, an Ethereum treasury firm founded by Tom Lee, has added another $136 million worth of ether to its holdings.
- The company achieved this acquisition after raising $274 million through a preferred stock sale.
- The financing tool used for this preferred stock sale was pioneered by Michael Saylor's bitcoin treasury firm, Strategy.
- The transaction reflects Bitmine's strategy to expand its Ethereum treasury.