Tom Lee’s BitMine Seeks $300 Million Raise to Buy More Ethereum

The post Tom Lee’s BitMine Seeks $300 Million Raise to Buy More Ethereum appeared first on Coinpedia Fintech News

Tom Lee-backed BitMine is doubling down on Ethereum. The company has filed plans to raise to $300 million through a new preferred stock offering, with much of the capital expected to fund additional ETH purchases and expand its staking operations. The move comes as BitMine races toward its goal of controlling 5% of Ethereum’s total …