Crypto
BitMine Preferred Shares List Amidst Ethereum's Worst First Half
BitMine Immersion Technologies' 9.50% Series A preferred shares will start trading on the NYSE on Tuesday, June 16, under the ticker 'BMNP'.
The listing comes as Ethereum (ETH) is set for its second-worst first half on record, with a -29.26% return in the first quarter and a -20.43% return in the second quarter.
BitMine, the world's leading Ethereum treasury company, follows Chairman Tom Lee's '5% alchemy' ethos of using ETH as its primary cash reserve asset.