Altcoins News
By Pankaj K
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Why Preferred Stock, and Why Now. Preferred stock sales are interesting because they let a company raise serious capital without…
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What $136 Million in Ether Actually Means. Ether has had a complicated few years relative to bitcoin. Bitcoin's ETF approvals in the U.S.
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Bitmine just spent $136 million on ether. The company bought the crypto after closing a $274 million preferred stock sale — a financing move straight out of Michael Saylor's…
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The preferred stock raise is the key piece here. Saylor's firm, Strategy, basically invented this approach for crypto treasury building — sell preferred shares, take the…
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Preferred stock sales are interesting because they let a company raise serious capital without immediately hammering existing shareholders through dilution the way a common stock…
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It's a structure that's gained traction fast among crypto-focused treasury companies. The basic logic: traditional equity markets are deep and liquid, crypto markets are volatile…
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That's a deliberate distinction worth sitting with. Bitmine isn't buying bitcoin here. It's buying ether — the native asset of the Ethereum network, the blockchain that underpins…
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Ether has had a complicated few years relative to bitcoin. Bitcoin's ETF approvals in the U.S. drove enormous institutional inflows and pushed its price to new highs.
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But there's a case to be made that ether is undervalued relative to what the Ethereum network actually does.
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Related: XRP ETFs Beat Bitcoin and Ethereum in Inflows for Fifth Straight Week
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Bitmine seems to believe that case. A $136 million purchase isn't a toe-dip. That's a conviction trade.
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The company hasn't released a detailed public roadmap for what it plans to do with the ether once it holds it — whether it intends to stake the assets, hold them flat, or…
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