The Bitmine STRC launch marks another major step for the world’s largest Ethereum treasury company. Bitmine has filed an application with the U.S. Securities and Exchange Commission to offer its Series A perpetual preferred stock, signaling its intent to raise fresh capital while expanding its presence in the digital asset market.
The proposed offering includes 3 million shares priced at $100 each. Investors will receive a fixed cumulative dividend of 9.5% annually. Unlike many traditional dividend-paying securities, Bitmine plans to distribute payments weekly when declared.
The structure also includes protection for investors. Any unpaid dividends will accumulate with compounded interest. The rate starts at 9.55% and rises gradually, reaching a maximum of 15% if payments remain outstanding.
Bitmine has applied to list the new shares on the New York Stock Exchange under the ticker BMNP. Trading is expected to begin within 30 days of the first issuance.
Also Read: Strategy STRC Holds 11.50% Stretch Dividend Rate Steady for June 2026
Bitmine STRC Launch Follows a Proven Playbook
The Bitmine STRC launch closely resembles the strategy used by Strategy’s popular STRC preferred stock program. STRC currently offers an 11.5% dividend yield and has become a favorite among investors seeking regular income alongside indirect exposure to Bitcoin.
Since its debut in July 2025, Strategy’s STRC program has grown rapidly. The offering initially raised around $2.52 billion and has since expanded through additional issuances. Today, the program represents roughly $10.5 billion in total notional value.
By following a similar model, Bitmine hopes to attract investors who want yield while maintaining exposure to Ethereum’s long-term growth potential.
Bitmine STRC Launch Comes Amid Ethereum Headwinds
The Bitmine STRC launch arrives as the company continues to increase its Ethereum holdings despite significant paper losses.
On June 1, Bitmine disclosed the purchase of 26,497 ETH. That acquisition pushed total holdings to 5,416,901 ETH, reinforcing the firm’s position as the largest Ethereum treasury company.
However, the timing is challenging. Bitmine is currently sitting on an estimated $9.2 billion in unrealized losses as Ethereum struggles. Ether has fallen 4.16% over the past 24 hours to $1,774 and remains down 32% over the last year.
Even so, Bitmine appears committed to its Ethereum strategy. The new preferred stock offering could provide fresh capital to expand its crypto holdings and staking operations while offering investors an attractive income stream.
Also Read: Ethereum Treasury Strategy Drives BitMine’s $300 Million Capital Raise Plan
