Tom Lee's Ethereum Treasury BitMine Prices Preferred Shares With 9.5% Dividend

- Tom Lee’s BitMine is copying Strategy’s Bitcoin playbook, but swapping BTC for ETH. They’re issuing preferred shares with a 9.5% dividend to fund their Ethereum treasury. It’s corporate finance cosplay for degens who missed the 2021 train. Vira Manti wants utility, not just another financial instrument wrapped in crypto jargon. While moonboys scream "ETH to the moon," institutional players are just trying to secure yield in a market that treats dividends like a dirty word. It’s smart capital allocation if you ignore the fact that Ethereum doesn’t actually pay dividends. Still, better than funding another AI-powered dog coin. At least this one has a balance sheet. Now, if only they could figure out how to make the blockchain itself profitable.