Bitmine Immersion Technologies Declares Initial Dividends and NYSE Listing for Series A Preferred Stock

7 hour ago 4 sources neutral

Key takeaways:

  • Bitmine's 9.5% preferred dividend offers a rare crypto-yield instrument, merging fixed income with Ethereum upside.
  • Mimicking MicroStrategy's Bitcoin play, Bitmine's ETH treasury could spur institutional accumulation and price momentum.
  • BMNP's NYSE listing legitimizes crypto corporate finance but exposes investors to dual volatility from ETH and mining risks.

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), a publicly traded Bitcoin miner and Ethereum treasury company, announced on June 13, 2026, that its Board of Directors has declared the initial cash dividends on its 9.50% Series A Perpetual Preferred Stock (CUSIP: 09175D 200). The initial dividend of $0.316667 per share – representing accumulated regular dividends since the June 10, 2026, issue date – will be payable on June 22, 2026, to shareholders of record as of June 12, 2026. A second weekly cash dividend of $0.105556 per share was also declared, payable on June 26, 2026, to holders on record by June 16, 2026.

The Series A Preferred Stock has been approved for listing on the New York Stock Exchange under the ticker symbol “BMNP”, with trading expected to commence on Tuesday, June 16, 2026. Equiniti Trust Company, LLC will serve as transfer agent, registrar, and paying agent for the securities.

Bitmine, which operates Bitcoin mining facilities in the U.S., is pursuing an innovative digital asset strategy centered on Ethereum (ETH) as its primary treasury reserve asset. The company launched MAVAN (Made-in America VAlidator Network) in 2026 – a dedicated staking infrastructure – and leverages protocol-level activities like staking and decentralized finance mechanisms. This corporate finance move underscores Bitmine’s commitment to bridging traditional capital markets with its Ethereum-focused treasury model.

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