2025 has been a year of ups and downs for the cryptocurrency industry, with the performance of digital asset treasuries (DATs) being a perfect example of this trend. While Bitcoin and Ethereum treasury companies like Strategy and BitMine appear to be weathering the recent storm, other companies have succumbed to the bursting of the DAT bubble.
For example, BitMine revealed plans to become “the first large-cap cryptocurrency company to declare annual dividends.” This announcement comes as treasury company Ethereum published its results for the financial year on Friday, November 21.
BitMine will pay a dividend of $0.01 per BMNR share
In a press release issued Friday, BitMine, the largest Ethereum treasury company, reported net income of $328 million, or $13.39 in fully diluted earnings per share (BMNR). The company also shared its plans to become the first large-cap crypto company to pay dividends to its shareholders.
Ethereum treasury company intends to pay an annual dividend of $0.01 per BMNR share as it seeks to return some value to shareholders amid a weakening crypto market. According to the press release, the dividend payment date is set for December 29, 2025, with the next general meeting of BitMine shareholders expected to be held in January 2026.
BitMine President Tom Lee said in the release:
BitMine continues to perform at the highest level. The company is well positioned in 2026 and we look forward to beginning ETH staking with our MAVAN, or Made in America Validator Network, in early 2026.
The crypto treasury company explained its plans to launch the Made in America Validator Network (MAVAN) to stake its Ether holdings. After reviewing several native staking providers, BitMine revealed that it has selected three initial pilot partners to test their staking capabilities using a small portion of its ETH.
BMNR stock is currently valued at around $26, reflecting a decline of more than 25% over the past week. Meanwhile, the stock price is significantly away from its 2025 high of $135, reached shortly after Bitmine announced its Ethereum acquisition strategy.
The industry-wide struggles these digital asset treasures faced can be attributed to the crypto market’s decline in the second half of the year, particularly in the fourth quarter. As the Ethereum price continues to show weakness, recently falling to around $2,650, BitMine’s president believes a market recovery is inevitable.
BitMine continues its ETH buying spree
BitMine’s confidence in the eventual recovery of the Ethereum price is reflected in its relentless acquisition strategy. As Bitcoinist reported, the company purchased approximately 21,054 ETH (worth approximately $66.57 million) on Wednesday, November 19.
According to a report released Thursday, unrealized losses from BitMine’s Ethereum holdings were approaching $4 billion. 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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