BitMine Declares $0.1056 Cash Dividend on BMNP Preferred Stock

BitMine, the world's largest corporate holder of Ether (ETH), has announced a cash dividend on its BMNP preferred stock. The company declared a $0.1056-a-share dividend on its 9.50% Series A preferred stock, listed on the New York Stock Exchange under the ticker BMNP.

Shareholders of record at the close of trading on June 30 will receive the dividend, with payment set for July 10, 2026. This move aligns with BitMine's strategy to hold Ether as its primary reserve asset using excess capital, while expanding a digital-asset strategy built around staking and decentralized finance (DeFi).

According to forecast reports, Ethereum's price at $1,734 shows room for a short-term rebound, supported by an improving MACD and an RSI of 55. However, declining trading volume and outflows of Korean won remain concerns.