Citing BitJie, BitMine Immersion Technologies, the largest Ethereum treasury management firm, announced an annual dividend of $0.01 per BMNR share, becoming the first major crypto company to declare a dividend. Despite a net profit of $328 million for the fiscal year ended August 31, the firm faces unrealized losses of approximately $4.52 billion as Ethereum trades at around $2,730, below its average purchase price of $3,120. The BMNR stock has dropped nearly 50% in the past month but is up 258% year-to-date. The dividend will be paid on December 29, following several shareholder value-enhancing measures, including a stock buyback program.
BitMine Announces $0.01 Annual Dividend Amid Ethereum NAV Decline
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