Trading King

06/22 13:48

Bitmine announces BMNP dividend as Ethereum treasu

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Bitmine announces BMNP dividend as Ethereum treasury tops 5.6 million ETHBitmine Immersion Technologies announced that its board of directors approved a cash dividend of $0.1056 per share for holders of its 9.50% Series A Perpetual Preferred Stock, traded on the New York Stock Exchange under the ticker BMNP. The company said the dividend will be paid on July 10 to shareholders of record as of the close of business on June 30. Bitmine stated that the payment will be made in cash under the terms of the certificate of designations governing the preferred shares. Preferred stock remains tied to Ethereum treasury strategy Bitmine launched the Series A Perpetual Preferred Stock in June as part of its effort to expand its Ethereum treasury business. The company sold 3.5 million preferred shares at $80 each on June 10 and generated approximately $273.8 million in net proceeds after fees and expenses. Chairman Tom Lee previously said proceeds from the offering would support additional Ethereum purchases, while staking income generated from the company's $ETH holdings would help fund dividend payments. Lee also said Bitmine expected annualized staking rewards of roughly $219 million. The company reported on June 15 that it held 5,620,754 $ETH as of June 14, equal to about 4.66% of Ethereum's circulating supply. Bitmine said 4,718,677 $ETH had been staked through its validator operations, a position it valued at approximately $8.1 billion based on an $ETH price of $1,718.

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