BitMine Shares Tumble After Earnings as Ethereum Price Falls, Treasury Hype Fades

BitMine Immersion Technologies, the largest corporate holder of Ethereum, reported $328 million in full-year income on Friday while declaring its first dividend, but its share price fell amid concerns about digital asset treasury strategies and ETH's recent price drop. The company that owns $9.6 billion worth of Ethereum plans to pay common stockholders a dividend of one cent per share next month, according to an SEC filing. BitMine said the move "reflects the company’s commitment to create shareholder valu ...