Bitmine (BMNR) Soars 10% Ahead of Ex-Dividend Date

We recently published 10 Stocks Stealing the Spotlight Early as Christmas Looms. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the top performers on Tuesday.

Bitmine Immersion jumped by 10.26 percent on Tuesday to close at $31.91 apiece as investors loaded portfolios ahead of the looming deadline to receive its upcoming dividends.

According to the company, it would give out $0.01 dividend to its common shareholders on record as of Friday, December 5, payable on December 29, 2025.

Additionally, Bitmine Immersion Technologies, Inc.’s (NYSEAmerican:BMNR) rally was supported by Ethereum prices’ climb by 7.13 percent to $2,999.80 on the same day.

Bitmine (BMNR) Soars 10% Ahead of Ex-Dividend Date

Last Monday, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) announced that it further raised its Ethereum ownership to anew to a total of 3,726,499 following the acquisition of 96,798 additional tokens.

The total number now represents more than 3 percent of the cryptocurrency’s total market supply.

Apart from Ethereum, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) also owns 192 Bitcoins and holds a $36 million stake in Eightco Holdings, which invests in Worldcoins.

In the full fiscal year of 2025, Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) said that it swung to a net profit attributable to shareholders of $328 million from a $3.29 million net loss in the same period last year.

Revenues increased by 84 percent to $6.09 billion from $3.31 billion year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.