Tom Lee's Bitmine borrows a page from Saylor's playbook to offer 9.5% yield in preferred stocks

Tom Lee's Bitmine, the largest Ethereum treasury firm, is innovating its funding strategy by issuing preferred shares offering a 9.5% dividend yield, mirroring Michael Saylor's successful approach. This move aims to raise around $300 million, signaling a growing trend among crypto firms to diversify their financial sources. This strategic shift could attract more institutional investors and set a precedent for other crypto enterprises looking to secure capital in a volatile market.