Bitmine Immersion Technologies declared a $0.1056 per share cash dividend on its 9.50% Series A Perpetual Preferred Stock traded on the New York Stock Exchange under ticker BMNP, payable July 10 to shareholders of record as of June 30. The dividend is funded by the company's Ethereum staking operations, which generate projected annual rewards of approximately $219 million from 4.72 million staked ETH valued at roughly $8.1 billion as of June 14. The dividend declaration demonstrates how Bitmine is converting its crypto-native treasury strategy into traditional investor returns through a conventional equity structure that income-focused investors can hold.
Bitmine Declares $0.1056 Cash Dividend on BMNP Preferred Stock
The company's board approved the cash dividend under the terms of the certificate of designations governing the preferred shares. Shareholders of record as of June 30 will receive the payment on July 10.
Bitmine launched the Series A Perpetual Preferred Stock in June, selling 3.5 million shares at $80 each on June 10 and generating approximately $273.8 million in net proceeds after fees and expenses. The dividend declaration within weeks of the preferred stock launch signals management's commitment to treating the offering as a functioning yield instrument.
Bitmine Holds 5.62 Million ETH with 4.72 Million Staked as of June 14
As of June 14, Bitmine held 5,620,754 ETH, equivalent to roughly 4.66% of Ethereum's entire circulating supply, and had staked 4,718,677 ETH through its validator operations. At an ETH price of $1,718, the staked position carries a valuation of approximately $8.1 billion.
Projected annualized staking rewards from those holdings come to roughly $219 million, which the company channels toward dividend payments for BMNP holders. The model accumulates ETH at scale, stakes the majority to earn network rewards, and uses those rewards to pay yield on preferred shares.
Chairman Tom Lee noted that the company acquired 76,881 ETH in one week during mid-June. Beyond its ETH position, Bitmine reported 204 Bitcoin, approximately $502 million in cash and marketable securities, a $180 million stake in Beast Industries, and an $88 million stake in Eightco Holdings. Combined, total crypto and investment holdings stood at roughly $10.4 billion as of June 14.
Bitmine Targets 5% Ethereum Supply Ownership and Russell 1000 Inclusion
Bitmine has publicly committed to holding 5% of Ethereum's total circulating supply as a treasury reserve asset. At 4.66% as of June 14, the company is approaching that target.
Chairman Tom Lee pointed to possible inclusion in the Russell 1000 Index as a potential institutional catalyst. Many institutional funds are restricted to allocating capital only to companies within major benchmarks, meaning index inclusion could bring new buyers to BMNP and related shares.
To support its staking operations, Bitmine launched MAVAN — Made-in America Validator Network — in 2026. The U.S.-based staking infrastructure network provides dedicated validator capacity for Bitmine's digital asset holdings.
FAQ
What dividend did Bitmine declare on its BMNP preferred stock?
Bitmine declared a $0.1056 per share cash dividend on its 9.50% Series A Perpetual Preferred Stock traded under ticker BMNP on the New York Stock Exchange, payable July 10 to shareholders of record as of June 30.
How large are Bitmine's Ethereum holdings as of June 14?
As of June 14, Bitmine held 5.62 million ETH in total and had staked 4.72 million ETH through its validator operations. The staked position is valued at approximately $8.1 billion at $1,718 per ETH, generating projected annual staking rewards of around $219 million.
What is Bitmine's strategic goal with its Ethereum treasury?
Bitmine aims to hold 5% of Ethereum's circulating supply as a long-term treasury reserve asset. As of June 14, the company held 4.66% of circulating supply. The company launched the MAVAN validator network in 2026 to manage its staking infrastructure in the United States.
