Tom Lee imitates Saylor’s strategy to finance BitMine

Bitmine (BMNR), the Ethereum treasury company co-founded by Tom Lee, filed on Wednesday with the SEC a perpetual preferred stock offering with a 9.5% annual dividend, aiming to raise up to $300 million. The move replicates the financing scheme that Strategy made popular in the crypto treasury sector. But does this model really withstand the market test?

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