Bitmine Declares Dividend on BMNP Preferred Shares

Bitmine Immersion Technologies has taken its Ethereum treasury and turned it into a direct income stream for shareholders, marking one of the most concrete demonstrations of how a crypto-native treasury strategy can generate traditional investor returns.

The company's board approved a $0.1056 per share cash dividend on its 9.50% Series A Perpetual Preferred Stock, traded on the New York Stock Exchange under the ticker BMNP.

This is significant because Bitmine only launched the Series A preferred stock in June and generated approximately $273.8 million in net proceeds after fees and expenses from selling 3.5 million shares at $80 each.

The dividend will be paid in cash to shareholders of record as of June 30, with payment due on July 10.