Tag:

NYSE

Bitmine Immersion Technologies Announces Proposed Series A Perpetual Preferred Stock Offering

Bitmine Immersion Technologies Announces Initial Dividends And NYSE Listing For Series A Preferred Stock

by admin June 13, 2026

written by admin

Bitmine’s Board of Directors declares initial cash dividends on the Company’s 9.50% Series A Perpetual Preferred Stock
Series A Preferred Stock approved for listing on the New York Stock Exchange under the symbol “BMNP” with trading expected to commence on Tuesday, June 16, 2026

NORWALK, Conn., June 13, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company“) announced today that its Board of Directors has declared the initial cash dividends on the Company’s 9.50% Series A Perpetual Preferred Stock (CUSIP: 09175D 200) (the “Series A Preferred Stock“).

The initial dividend, which represents accumulated regular dividends from the initial issue date of June 10, 2026, will be payable in cash in accordance with the terms of the Certificate of Designations governing the Series A Preferred Stock. The initial dividend of $0.316667 per share will be paid on June 22, 2026 to holders of record of the Series A Preferred Stock as of the close of business on June 12, 2026.

The Company further announced that the Board of Directors also declared the second weekly cash dividend of $0.105556 per share on the Series A Preferred Stock, which will be paid on June 26, 2026 to holders of record of the Series A Preferred Stock as of the close of business on June 16, 2026.

The Company also announced that the Series A Preferred Stock has been approved for listing on the New York Stock Exchange and will begin trading on Tuesday, June 16, 2026 under the ticker symbol “BMNP”. Equiniti Trust Company, LLC serves as the transfer agent, registrar and paying agent for the Series A Preferred Stock.

About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of “the alchemy of 5%,” the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.

For additional details, follow on X:
https://x.com/bitmnr
https://x.com/fundstrat

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. These forward-looking statements can be identified by terms such as “expects,” “projects,” “projected,” “intends,” “believes,” “anticipates,” “estimates,” and similar expressions. This document specifically contains forward-looking statements regarding the Company’s dividend payments on the Series A Preferred Stock, the listing and commencement of trading of the Series A Preferred Stock on the New York Stock Exchange, and the Company’s digital asset accumulation strategy and staking operations. In evaluating these forward-looking statements, you should consider various factors, including: Bitmine’s ability to finance its current business, Ethereum treasury operations, and proposed future business; market conditions affecting the trading price of the Company’s common stock and Series A Preferred Stock; regulatory developments affecting digital assets, including the ultimate enactment and implementation of pending legislation and SEC initiatives; the volatility and unpredictability of digital asset prices; the performance, reliability, and security of the Company’s staking operations; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the Risk Factors section of Bitmine’s Form 10-K filed with the SEC on November 21, 2025, as well as all other SEC filings, as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s website at www.sec.gov. Bitmine undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

June 13, 2026 0 comments

DeFi Innovations

CME and NYSE Owner Push U.S. Regulators to Crack Down on Hyperliquid

by admin May 18, 2026

written by admin

The Hyperliquid Policy Center disputed the framing.

CME Group and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, are lobbying the CFTC and U.S. lawmakers to impose federal oversight on Hyperliquid, Bloomberg reported Friday.

The exchanges cited concerns that the platform’s largely offshore, lightly regulated trading environment could be vulnerable to market manipulation and sanctions evasion.

The exchanges argue that Hyperliquid’s growing trading volumes in crypto and commodity-linked markets could begin to distort price discovery in critical sectors like oil, where global benchmarks are formed, warning that anonymous trading environments may allow insiders or state-linked participants to influence prices. Their ask: registration with the CFTC, which would require the platform to implement customer identification programs and trade surveillance measures.

HYPE declined about 6% following the news, dropping from above $45 to below $43.

The lobbying push carries an obvious competitive dimension. CME is advancing plans to expand its own 24/7 crypto trading offerings, with Bitcoin Volatility Futures scheduled to begin trading June 1 and Nasdaq CME Crypto Index Futures — covering BTC, ETH, XRP, and others — launching June 8.

Hyperliquid Pushes Back

The Hyperliquid Policy Center, an advocacy group formed in February by a Hyperliquid-affiliated foundation, disputed the framing in a post on X Friday. The group called the CME/NYSE characterization inaccurate, arguing that traditional exchange operators — which match buyers and sellers and collect fees — operate fundamentally differently from Hyperliquid’s model, and that conflating the two misrepresents the platform’s structure and risk profile.

The Policy Center has already been engaging with the CFTC in meetings aimed at establishing a legal route for U.S. participation in Hyperliquid’s markets. The group argues its markets are more beneficial and present fewer risks than traditional centralized exchanges, and expects the CFTC to develop a tailored regulatory framework for on-chain derivatives platforms.

Regulatory Vulnerability

Hyperliquid’s bridge, the single point of custody for all user funds, is secured by a 3-of-4 multisig. At its April 2025 high point, Hyperliquid accounted for roughly 70% of the on-chain perpetual futures market.

That scale, combined with its relatively centralized custody structure and IP-based geo-restrictions, could heighten regulatory risk.

May 18, 2026 0 comments

Web3 Development

Twenty One Capital Drops in NYSE Debut as Bitcoin Treasury Firms Face ‘Broader Re-Pricing’

by admin December 10, 2025

written by admin

In brief

Twenty One Capital began trading on the NYSE as XXI, bolstered by a big Bitcoin stash after merging with Cantor Equity Partners.
Shares hovered near $11 on debut day, falling short of the SPAC’s prior close near $14.
Observers told Decrypt that treasury-heavy firms face shrinking premiums as markets favor clearer business models.

Twenty One Capital began trading on the New York Stock Exchange as XXI on Tuesday after completing its merger with Cantor Equity Partners, entering the market with more than 43,000 BTC worth almost $4 billion already on its balance sheet, primed in a position among the world’s largest public corporate holders of the asset.

Yet its trading debut was met with sharp selling, with XXI shares spending the session at roughly $11, putting it well below Cantor Equity Partners’ final pre-merger close near $14.

Debut trading for XXI aligned with patterns seen across other Bitcoin treasury listings this year, where new entrants have often priced below their pre-merger benchmarks as Bitcoin remains off its highs and premiums in the segment continue to narrow.

The company enters the market backed by Tether, Bitfinex, and a minority investment from SoftBank, with management outlining plans to build financial infrastructure and education products around Bitcoin.

Those efforts remain at an early stage, and investors have been weighing how quickly Twenty One can move from a balance sheet-driven profile to one supported by clear business operations.

DAT firms face “broader re-pricing”

The slide is “part of a larger pattern” in which investors “have grown cautious toward Bitcoin treasury companies and SPAC listings” because of their “tendency to behave like leveraged BTC bets that don’t have proven revenue,” Shawn Young, chief analyst at MEXC Research, told Decrypt.

“Investors now strategically look closely for clearer business models, cleaner governance, and real revenue plans,” he added.

XXI’s debut arrives as a “risk-off climate” continues, with the market “no longer prioritizing these firms the premium like it once did,” Young said.

“The drop isn’t exclusive to Twenty One as it reflects a broader re-pricing of companies that have a ‘we hold a lot of Bitcoin’ approach instead of ‘we generate predictable cash flow’,” he noted.

The stock might remain the same and trade “heavily in line with BTC, at least until the company proves it can build real, sustainable revenue on top of that asset base,” Young said.

The same happened with other SPAC listings, where markets appeared to have “overgrown the phase where a firm could raise capital, buy Bitcoin, and expect its equity to trade above the value of those holdings,” John Murillo, chief business officer at B2BROKER, told Decrypt.

Citing ProCap Financial’s (BRR) similar but “even more brutal” drop at roughly 50-60% this week, Murillo noted how discounts “are becoming the norm.”

“Investors are increasingly unwilling to pay NAV premiums for pure balance-sheet Bitcoin exposure,” Pei Chen, COO and executive director at AI liquidity engine Theoriq, told Decrypt.

This comes as “Bitcoin volatility compresses risk appetite,” with other treasury plays struggling to outperform spot, he explained.

While its sizable holdings and high-profile backing give it “more scale and optionality than most peers,” the long-term upside “won’t come from stack size alone,” Chen said.

“It will hinge on credible execution, transparent governance, and proving it can build durable, revenue-generating businesses on top of its Bitcoin reserve,” he opined.

Other observers say it’s a matter of how effectively the company can use its holdings to build an actual business around them, noting that a large Bitcoin stash alone does not ensure long-term performance.

<![CDATA[<span data-mce-type="bookmark" style="display:inline-block;width:0px;overflow:hidden;line-height:0" class="mce_SELRES_start"></span>]]>

“What matters is whether they can turn that treasury into real business activity — yield, liquidity, partnerships, or products that generate revenue outside of pure BTC exposure,” Kanny Lee, co-founder and CEO of secondary markets trading protocol SecondSwap, told Decrypt.

Twenty One’s long-term outlook could improve if it builds “real operating fundamentals on top of the treasury,” Lee said. “If not, the stock will likely continue to trade like a leveraged proxy for Bitcoin, and the market already has cleaner ways to get that exposure.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

December 10, 2025 0 comments