2025 has been a year of ups and downs for the cryptocurrency industry, and the performance of Digital Asset Treasury (DAT) is a perfect example of this trend. While Bitcoin and Ethereum treasury firms such as Strategy and BitMine appear to have weathered the recent storm, others have succumbed to the bursting DAT bubble.
For example, BitMine has revealed plans to become “the first large cryptocurrency company to declare an annual dividend.” The announcement comes as the Ethereum treasury company releases its fiscal year results on Friday, November 21.
BitMine Pays Dividend of $0.01 per BMNR Share
In a press release Friday, BitMine, the largest Ethereum treasury company, 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 cryptocurrency company to pay dividends to shareholders.
The Ethereum treasury company plans to pay an annual dividend of $0.01 per BMNR share to return some value to shareholders amid a weakening cryptocurrency market. According to the press release, the dividend payment date is set for December 29, 2025, and BitMine's next general shareholders' meeting is scheduled to be held in January 2026.
BitMine Chairman Tom Lee said in a press release:
BitMine continues to perform at the highest level. The company is well-positioned for 2026 and hopes to launch ETH staking through MAVAN or the Made in America Validator Network in early 2026.
The cryptocurrency treasury company outlined plans to launch a Made in America Validator Network (MAVAN) to secure its Ethereum holdings. After researching several primary staking providers, BitMine said it has selected three initial pilot partners to test staking capabilities using a portion of ETH.
BMNR stock is currently valued at approximately $26, reflecting a decline of more than 25% in the past week. Meanwhile, the stock price is far from the 2025 high of $135, which was reached shortly after Bitmine announced its Ethereum acquisition strategy.
These industry-wide difficulties for digital asset treasuries can be attributed to the decline in the cryptocurrency market in the second half of the year, especially in the fourth quarter. Although the price of Ethereum continues to weaken and recently fell to around $2,650, BitMine's chairman believes a market recovery is inevitable.
BitMine continues purchasing ETH
BitMine's belief in the eventual recovery of the Ethereum price can be seen in its relentless acquisition strategy. As reports, the company purchased approximately 21,054 ETH (worth approximately $66.57 million) on Wednesday, November 19.
As of Thursday's report, unrealized losses on BitMine's Ethereum holdings were close to $4 billion. In particular, the DAT company holds about 3.55 million ETH tokens worth about $10 billion, acquired at an average cost of about $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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