Bitmine Completes 3.5 Million Shares of Preferred Stock Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
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Source: PRnewswire
- Significant ETH Holdings: Bitmine currently holds 4.66% of the total ETH supply, approximately 5,620,754 ETH, valued at $8.1 billion at current prices, positioning it as a key player in the global ETH market and reinforcing its status as the leading Ethereum treasury.
- Successful Preferred Stock Offering: On June 10, 2026, Bitmine completed the issuance of 3.5 million shares of 9.50% Series A Preferred Stock, generating a net revenue of approximately $273.8 million, which provides robust financial support and enhances the diversity of its capital structure.
- Active Market Trading: Bitmine's stock is actively traded in the U.S. market with an average daily trading volume of $550 million, ranking 203rd among U.S. exchanges, reflecting strong investor confidence in its future growth potential.
- Strategic Investment and Returns: Bitmine anticipates annual ETH staking revenues of $269 million, which will provide a stable cash flow for dividend payments on its preferred stock, demonstrating the company's strong profitability and sustainable growth strategy in the digital asset space.
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About ORBS
Eightco Holdings Inc., through its subsidiary, Forever 8 Fund, LLC, operates as an inventory capital and management platform for e-commerce sellers. Forever 8 Fund, LLC (Forever 8) is an e-commerce fintech company that provides funding solutions for e-commerce businesses. Forever 8 provides funding solutions for e-commerce businesses, which sell on Amazon, Shopify and other online platforms. Forever 8 uses proprietary technology to review product sales data and determine funding potential for online retail entrepreneurs around the world. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Eightco Holdings Updates Financial Position with Major Investments
- Portfolio Overview: As of June 17, 2026, Eightco Holdings reports total assets of approximately $472 million, including a $90 million indirect investment in OpenAI, an $18 million investment in Beast Industries, and holdings of 283 million WLD and 16,278 ETH, showcasing the company's robust positioning in digital assets and technology investments.
- AI Industry Outlook: OpenAI represents 19% of Eightco's assets, with ChatGPT being the most widely used consumer AI app globally, reaching 900 million weekly active users in February 2026, indicating that the rapid growth of the AI sector will yield significant returns for Eightco.
- Digital Identity Strategy: Eightco's 283 million WLD holdings account for 8.3% of the circulating supply, marking the largest publicly disclosed institutional position globally, with Worldcoin's business model expected to create a $6.35 trillion revenue opportunity across various industries, further solidifying Eightco's leadership in digital identity.
- Creator Economy Investment: Eightco's $18 million investment in Beast Industries constitutes 4% of its assets, and as AI technology commoditizes content production, the scarcity of audience trust will increase, positioning Eightco advantageously in this emerging market.
See More
Eightco Holdings Updates Treasury Composition and Strategic Investments
- Treasury Overview: As of June 18, 2026, Eightco's treasury totals approximately $472 million, including $90 million in indirect investments in OpenAI, $18 million in Beast Industries, 16,278 ETH, and 283 million WLD, showcasing the company's robust growth in digital assets and strategic investments.
- Impact of OpenAI Investment: Eightco's $90 million indirect investment in OpenAI through special purpose vehicles represents 19% of its treasury, indicating strong confidence in the future of AI, especially with OpenAI's upcoming IPO.
- Market Position of Worldcoin: Eightco holds over 283 million WLD, approximately 8.3% of the circulating supply, making it the largest publicly disclosed institutional holder globally, which not only strengthens its leadership in digital identity but also provides substantial support for future revenue growth.
- Strategic Value of Beast Industries: Eightco's $18 million investment in Beast Industries constitutes 4% of its assets, with the company reaching over 500 million direct consumers globally; as AI commoditizes content production, this investment positions Eightco advantageously in the creator economy.
See More
Bitmine Achieves 5% ETH Target and Lists Preferred Shares
- Significant ETH Holdings: Bitmine currently holds 4.66% of the total ETH supply, approximately 120.7 million ETH, demonstrating its strong position in the cryptocurrency market and is expected to further enhance the company's influence in the blockchain sector.
- Successful Financing: On June 10, 2026, Bitmine successfully issued 3.5 million shares of 9.50% preferred stock, raising approximately $273.8 million, which is expected to enhance the company's financial flexibility and support its long-term investment strategy.
- Market Recognition: Bitmine has been listed in the 2026 Fortune Crypto 100, reflecting its influence and market recognition in the blockchain industry, which may attract more investor attention.
- Strong Liquidity: Bitmine's stock has an average daily trading volume of $550 million in the U.S. market, ranking 203rd, indicating its active presence among investors and market confidence, further solidifying its position as a major crypto asset holder.
See More
Bitmine Completes 3.5 Million Shares of Preferred Stock Offering
- Significant ETH Holdings: Bitmine currently holds 4.66% of the total ETH supply, approximately 5,620,754 ETH, valued at $8.1 billion at current prices, positioning it as a key player in the global ETH market and reinforcing its status as the leading Ethereum treasury.
- Successful Preferred Stock Offering: On June 10, 2026, Bitmine completed the issuance of 3.5 million shares of 9.50% Series A Preferred Stock, generating a net revenue of approximately $273.8 million, which provides robust financial support and enhances the diversity of its capital structure.
- Active Market Trading: Bitmine's stock is actively traded in the U.S. market with an average daily trading volume of $550 million, ranking 203rd among U.S. exchanges, reflecting strong investor confidence in its future growth potential.
- Strategic Investment and Returns: Bitmine anticipates annual ETH staking revenues of $269 million, which will provide a stable cash flow for dividend payments on its preferred stock, demonstrating the company's strong profitability and sustainable growth strategy in the digital asset space.
See More
Bitmine Reports 2026 Financials and Strategic Developments
- Significant ETH Holdings: Bitmine currently holds 4,718,677 ETH valued at $8.1 billion, representing 4.66% of the total ETH supply, positioning it as a leader in global ETH reserves and enhancing its market influence.
- Successful Preferred Stock Offering: On June 10, 2026, Bitmine completed the issuance of 3.5 million shares of 9.50% Series A preferred stock, generating a net proceeds of approximately $273.8 million, which supports the diversification of its capital structure and enhances future investment capabilities.
- Strong Market Support: Bitmine's stock trades at an average daily volume of $550 million, ranking 203rd in the U.S. market, indicating robust demand among investors and further solidifying its position in the cryptocurrency sector.
- Strategic Investments and Revenue Outlook: The company anticipates annualized staking revenues of $226 million, and with the launch of the MAVAN platform, Bitmine plans to expand its staking services to attract more institutional investors, thereby driving long-term growth.
See More
Bitmine Completes Series A Preferred Stock Offering
- ETH Holdings: Bitmine currently holds 4.66% of the total ETH supply, amounting to 5,620,754 ETH valued at $8.1 billion, highlighting its significant position in the Ethereum market and expected to enhance its investment appeal further.
- Successful Preferred Stock Offering: On June 10, 2026, Bitmine successfully issued 3.5 million shares of Series A preferred stock at a 9.50% annual rate, raising approximately $273.8 million, which is expected to support its long-term investment strategy and enhance financial stability.
- Active Market Trading: Bitmine's stock has an average daily trading volume of $550 million in the U.S. market, ranking 203rd, indicating its popularity among investors and potentially attracting more institutional interest.
- Strategic Investment Support: Bitmine has received backing from prominent institutional investors, including ARK's Cathie Wood, aiding its goal of acquiring 5% of total ETH, reflecting market confidence in its future growth potential.
See More
Eightco Holdings Updates Financial Position with Major Investments
- Portfolio Overview: As of June 17, 2026, Eightco Holdings reports total assets of approximately $472 million, including a $90 million indirect investment in OpenAI, an $18 million investment in Beast Industries, and holdings of 283 million WLD and 16,278 ETH, showcasing the company's robust positioning in digital assets and technology investments.
- AI Industry Outlook: OpenAI represents 19% of Eightco's assets, with ChatGPT being the most widely used consumer AI app globally, reaching 900 million weekly active users in February 2026, indicating that the rapid growth of the AI sector will yield significant returns for Eightco.
- Digital Identity Strategy: Eightco's 283 million WLD holdings account for 8.3% of the circulating supply, marking the largest publicly disclosed institutional position globally, with Worldcoin's business model expected to create a $6.35 trillion revenue opportunity across various industries, further solidifying Eightco's leadership in digital identity.
- Creator Economy Investment: Eightco's $18 million investment in Beast Industries constitutes 4% of its assets, and as AI technology commoditizes content production, the scarcity of audience trust will increase, positioning Eightco advantageously in this emerging market.
See More
Eightco Holdings Updates Treasury Composition and Strategic Investments
- Treasury Overview: As of June 18, 2026, Eightco's treasury totals approximately $472 million, including $90 million in indirect investments in OpenAI, $18 million in Beast Industries, 16,278 ETH, and 283 million WLD, showcasing the company's robust growth in digital assets and strategic investments.
- Impact of OpenAI Investment: Eightco's $90 million indirect investment in OpenAI through special purpose vehicles represents 19% of its treasury, indicating strong confidence in the future of AI, especially with OpenAI's upcoming IPO.
- Market Position of Worldcoin: Eightco holds over 283 million WLD, approximately 8.3% of the circulating supply, making it the largest publicly disclosed institutional holder globally, which not only strengthens its leadership in digital identity but also provides substantial support for future revenue growth.
- Strategic Value of Beast Industries: Eightco's $18 million investment in Beast Industries constitutes 4% of its assets, with the company reaching over 500 million direct consumers globally; as AI commoditizes content production, this investment positions Eightco advantageously in the creator economy.
See More
Bitmine Achieves 5% ETH Target and Lists Preferred Shares
- Significant ETH Holdings: Bitmine currently holds 4.66% of the total ETH supply, approximately 120.7 million ETH, demonstrating its strong position in the cryptocurrency market and is expected to further enhance the company's influence in the blockchain sector.
- Successful Financing: On June 10, 2026, Bitmine successfully issued 3.5 million shares of 9.50% preferred stock, raising approximately $273.8 million, which is expected to enhance the company's financial flexibility and support its long-term investment strategy.
- Market Recognition: Bitmine has been listed in the 2026 Fortune Crypto 100, reflecting its influence and market recognition in the blockchain industry, which may attract more investor attention.
- Strong Liquidity: Bitmine's stock has an average daily trading volume of $550 million in the U.S. market, ranking 203rd, indicating its active presence among investors and market confidence, further solidifying its position as a major crypto asset holder.
See More
Bitmine Completes 3.5 Million Shares of Preferred Stock Offering
- Significant ETH Holdings: Bitmine currently holds 4.66% of the total ETH supply, approximately 5,620,754 ETH, valued at $8.1 billion at current prices, positioning it as a key player in the global ETH market and reinforcing its status as the leading Ethereum treasury.
- Successful Preferred Stock Offering: On June 10, 2026, Bitmine completed the issuance of 3.5 million shares of 9.50% Series A Preferred Stock, generating a net revenue of approximately $273.8 million, which provides robust financial support and enhances the diversity of its capital structure.
- Active Market Trading: Bitmine's stock is actively traded in the U.S. market with an average daily trading volume of $550 million, ranking 203rd among U.S. exchanges, reflecting strong investor confidence in its future growth potential.
- Strategic Investment and Returns: Bitmine anticipates annual ETH staking revenues of $269 million, which will provide a stable cash flow for dividend payments on its preferred stock, demonstrating the company's strong profitability and sustainable growth strategy in the digital asset space.
See More
Bitmine Reports 2026 Financials and Strategic Developments
- Significant ETH Holdings: Bitmine currently holds 4,718,677 ETH valued at $8.1 billion, representing 4.66% of the total ETH supply, positioning it as a leader in global ETH reserves and enhancing its market influence.
- Successful Preferred Stock Offering: On June 10, 2026, Bitmine completed the issuance of 3.5 million shares of 9.50% Series A preferred stock, generating a net proceeds of approximately $273.8 million, which supports the diversification of its capital structure and enhances future investment capabilities.
- Strong Market Support: Bitmine's stock trades at an average daily volume of $550 million, ranking 203rd in the U.S. market, indicating robust demand among investors and further solidifying its position in the cryptocurrency sector.
- Strategic Investments and Revenue Outlook: The company anticipates annualized staking revenues of $226 million, and with the launch of the MAVAN platform, Bitmine plans to expand its staking services to attract more institutional investors, thereby driving long-term growth.
See More
Bitmine Completes Series A Preferred Stock Offering
- ETH Holdings: Bitmine currently holds 4.66% of the total ETH supply, amounting to 5,620,754 ETH valued at $8.1 billion, highlighting its significant position in the Ethereum market and expected to enhance its investment appeal further.
- Successful Preferred Stock Offering: On June 10, 2026, Bitmine successfully issued 3.5 million shares of Series A preferred stock at a 9.50% annual rate, raising approximately $273.8 million, which is expected to support its long-term investment strategy and enhance financial stability.
- Active Market Trading: Bitmine's stock has an average daily trading volume of $550 million in the U.S. market, ranking 203rd, indicating its popularity among investors and potentially attracting more institutional interest.
- Strategic Investment Support: Bitmine has received backing from prominent institutional investors, including ARK's Cathie Wood, aiding its goal of acquiring 5% of total ETH, reflecting market confidence in its future growth potential.
See More
