BitMine's BMNP Preferred Stock Closes at $88.1 on NYSE, Below $100 Par Value

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According to Yahoo Finance, BitMine Immersion Technologies' preferred stock BMNP closed at $88.1 on June 18, trading below its $100 par value on its first day of listing on the New York Stock Exchange. The shares, which began trading at $91.49 earlier in the day following their June 16 listing, retreated amid selling pressure. BMNP is an unlimited preferred stock offering 9.5% annual dividends, with proceeds earmarked for Ethereum purchases and corporate operations.
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