Tom Lee's BitMine Adds $139 Million in Ethereum Ahead of Preferred Share Trading Start

Logan Hitchcock

Mon, June 15, 2026 astatine 9:36 AM CDT 2 min read

Leading Ethereum treasury steadfast BitMine Immersion Technologies boosted its involvement to much than 5.6 cardinal ETH past week, adding 76,881 ETH oregon much than $139 cardinal worth—along with astir $274 cardinal successful proceeds from the completion of its preferred stock offering, BMNP. 

BMNP is expected to statesman trading connected Tuesday with its 9.5% yearly dividend complaint paid retired weekly. Proceeds are expected to beryllium utilized to assistance get further ETH, money infrastructure buildouts, oregon bargain backmost communal shares of BitMine (BMNR). 

"The Series A Preferred Stock offering is bully equilibrium expanse diversification for BitMine," Chairman Tom Lee said successful a statement. "The Company's existent projected annualized staking rewards of astir $219 cardinal supply recurring currency travel to enactment the dividends related to the Series A Preferred." (Disclaimer: Lee is an capitalist successful Dastan, the genitor institution of Decrypt.) 

As it stands, Lee's steadfast is staking much than 4.7 cardinal ETH, oregon astir $8.5 cardinal worthy of the second-largest crypto asset, via its Made successful America Validator Network (MAVAN). If BitMine were to involvement each of its 5.6 cardinal ETH, the institution anticipates that it would make astir $269 cardinal successful annualized staking revenue. 

Shares successful the steadfast are trading much than 6.6% higher connected Monday, precocious changing hands astir $17.18 arsenic markets determination higher pursuing an announced ceasefire betwixt the U.S. and Iran.

The stock summation coincides with a important emergence successful the terms of its treasury plus arsenic ETH has besides surged astir 9% successful the past 24 hours, precocious changing hands astatine $1,811.

Bitcoin Tops $65K connected US-Iran Deal, But Traders Remain Skeptical

While the leap pushes BitMine's treasury holdings to much than $10.1 billion, the apical Ethereum treasury remains down importantly connected its ETH purchases, which present clasp unrealized losses of astir $9 cardinal according to information from DropsTab.

Even arsenic ETH has risen connected Monday, it remains much than 63% disconnected its all-time precocious of $4,946 acceptable past August.