As the year draws to a close, the Digital Asset Treasuries (DAT) sector has replaced its initial euphoria with a certain resignation in the face of mixed results. Despite this, Ethereum Treasuries leader Bitmine has just announced that it will pay dividends to its shareholders.
Bitmine announces dividend payments
Looking back over the last few months of the year, 2025 could be summed up as a series of pump and dump operations carried out by the many publicly traded companies that have become Digital Asset Treasuries (DATs). This is a way of offering an explosive—but clearly unsustainable—stock market revival to moribund stocks through the strategic holding of cryptocurrencies.
Indeed, the sharp rises triggered by these official announcements are now giving way to equally significant declines, to the point of almost completely erasing the annual performance associated with this new business model in some cases.
This landscape is dominated by certain giants, such as the iconic Strategy for Bitcoin and, relatively speaking, Bitmine for Ethereum. The latter holds more than 3.6 million Ethers, estimated at $10.5 billion at the current ETH price.
This position seems to allow its CEO, Tom Lee, to remain confident, despite a crypto market that “continues to suffer due to declining liquidity and market functioning since October 10.” And with good reason, as he has just announced the scheduled payment of dividends to BMNR shareholders.
BitMine continues to execute its strategy at the highest level. The company is well positioned for 2026, and we look forward to starting ETH staking with our MAVAN, or Made in America Validator Network, early next year.
Tom Lee
A jackpot of… $0.01 per share
According to the official balance sheet filed by the company, Bitmine is estimated to have recorded a net income for fiscal year 2025 of just over $328 million. As a result, it is announcing fully diluted EPS (earnings per share) for this period of $13.39 per share.
This situation allows Bitmine to present itself as “the first major crypto company to declare an annual dividend” due to its commitment to “creating value for shareholders.” A nice speech that hides a more trivial reality, since the dividend paid amounts to… $0.01 per share.
To get a more concrete idea, a Bitmine shareholder with a portfolio of 1,000 BMNR shares, currently valued at just over $31,000, will receive a dividend payment of just $10. Let’s just hope they didn’t buy their shares at the July 3 peak of $135, otherwise they’re unlikely to recoup their $104,000 loss.
Bitmine’s announcement comes alongside the unveiling of its ETH staking program called MAVAN, which stands for Made in America Validator Network, with tests currently being conducted with several pilot partners.
But also with the promise made by its CEO, Tom Lee, that the price of cryptocurrencies will recover quickly, following the model of the “post-FTX liquidity shock of 2022, which took eight weeks to resolve.”
