2025 has been a year of ups and downs for the cryptocurrency industry, and the performance of Digital Asset Treasury (DAT) is a great example of this trend. While Bitcoin and Ethereum treasury companies like Strategy and BitMine appear to be weathering the recent storm, others are succumbing to the bursting of the DAT bubble.
For example, BitMine revealed plans to become “the first large crypto company to declare an annual dividend.” The announcement was made as the Ethereum financial company released its fiscal year results on Friday, November 21st.
BitMine pays dividend of $0.01 per BMNR share
In a press release on Friday, Ethereum’s largest financial company, Bitmine, reported net income of $328 million. This equates to fully diluted earnings per share (BMNR) of $13.39. The company also shared its plans to become the first large-scale cryptocurrency company to pay dividends to shareholders.
The Ethereum treasury company plans to pay an annual dividend of $0.01 per BMNR share, hoping to return some value to shareholders amid the downturn in the crypto market. According to the press release, the dividend payment date is set for December 29, 2025, and BitMine’s next general meeting of shareholders is scheduled to be held in January 2026.
BitMine Chairman Tom Lee said in the release:
BitMine continues to perform at the highest level. We are well-positioned for 2026 and look forward to launching ETH staking with MAVAN (Made in America Validator Network) in early 2026.
The crypto asset firm has explained its plans to launch a Made in America Validator Network (MAVAN) to stake its Ether holdings. BitMine revealed that after vetting several native staking providers, it has selected three initial pilot partners to test the staking feature using a small portion of ETH.
BMNR stock is currently valued at around $26, reflecting a decline of more than 25% over the past week. Meanwhile, the stock is far removed from its 2025 high of $135, which it reached shortly after Bitmine announced its Ethereum acquisition strategy.
These industry-wide struggles for digital asset vaults can be attributed to the rebound in the cryptocurrency market in the second half of this year, especially in the fourth quarter. Although Ethereum’s price continues to be depressed, recently dropping to around $2,650, Bitmine’s chairman believes a market recovery is inevitable.
BitMine continues to buy up ETH
BitMine’s belief in the eventual recovery of Ethereum’s price can be seen in its relentless acquisition strategy. As reported by , the company purchased approximately 21,054 ETH (worth approximately $66.57 million) on Wednesday, November 19th.
As of Thursday’s report, Bitmine had nearly $4 billion in unrealized losses on its Ethereum holdings. Notably, DAT holds approximately 3.55 million ETH tokens worth approximately $10 billion, acquired at an average cost of approximately $3,120.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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