Tom Lee’s BitMine Declares First Annual Dividend To Boost Investor Appeal After Stock Slump

Tom Lee’s Ethereum treasury firm BitMine Immersion Technologies announced an annual dividend as it strives to boost investor appeal after a dizzying stock slump.

The company said in its first earnings report that it will pay a $0.01 dividend per BMNR share on Dec. 29, describing itself as “the first large-cap crypto company” to offer an annual payout.

BitMine also announced plans to launch a staking infrastructure product, MAVAN (made-in America Validator Network), in early 2026, while reporting net income of $328 million for the fiscal year ending Aug. 31, equating to around $13.39 in fully diluted earnings per share.

The moves come as BitMine grapples with how to stem a 46% slump in its share price in the past month. 

BitMine share price (Source: Google Finance)

DropsTab estimates the plunge has left BitMine sitting on an unrealized loss of $4.39 billion on its ETH holdings after the biggest altcoin plummeted 28% in the past month.

Lee said ETH’s nosedive was the result of the drop in market liquidity and function since October 10, the largest liquidation event in the history of crypto.

BitMine is the largest corporate holder of Ethereum (ETH), with 3.55 million tokens on its balance sheet worth about $9.7 billion, data from StrategicETHReserve shows.

It boasts heavyweight shareholder that include ARK Invest, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital.

10x Research Says BitMine Faces Deep Structural Issues

10x Research founder Markus Thielen said this week that BitMine and other Digital Asset Treasury (DAT) firms face deep structural issues as their plummeting share prices erase net asset value (NAV) premiums that once fueled investor enthusiasm.

DAT firms rely on complex and layered entities such as asset managers, strategic advisors, and promotional figureheads with high paychecks while embedding fees that “quietly erode returns,” he said, adding that BitMine’s leadership compensation and external advisors could extract $157 million per year over 10 years through compensation and advisory contracts.