Bitmine Immersion Technologies, a Norwalk, Connecticut-based Bitcoin miner, unveiled two major developments today: its 9.50% Series A Perpetual Preferred Stock has been approved for listing on the New York Stock Exchange (NYSE) under ticker symbol "BMNP", with trading expected to commence on Tuesday, June 16, 2026; concurrently, the company's Board of Directors declared the initial cash dividends on the preferred shares.
Dividend Details: $0.316667 Initial Payment, Followed by Weekly Distribution
The initial dividend covers accumulated regular dividends from the original issue date of June 10, 2026, at a rate of $0.316667 per share. It will be paid in cash on June 22, 2026 to holders of record as of the close of business on June 12, 2026. The Board also declared a second weekly cash dividend of $0.105556 per share, payable on June 26 to holders of record as of June 16. Both payments adhere to the terms of the Certificate of Designations governing the Series A Preferred Stock. Equiniti Trust Company, LLC serves as transfer agent, registrar and paying agent.
NYSE Listing: BMNP to Begin Trading June 16
The Series A Preferred Stock (CUSIP: 09175D 200) received NYSE approval and will start trading under the ticker "BMNP" on June 16. This follows Bitmine's common stock (NYSE: BMNR) which has been listed on the exchange previously.
Bitmine's "Alchemy of 5%" and Ethereum Treasury Strategy
Bitmine is primarily a US-based Bitcoin miner, but it has been redirecting excess capital to build a substantial Ethereum treasury. The company's guiding philosophy is "the alchemy of 5%," leveraging native protocol-level activities — including staking and decentralized finance (DeFi) mechanisms — to generate returns above the baseline. In 2026, Bitmine launched MAVAN (Made-in America VAlidator Network), a dedicated staking infrastructure for its ETH holdings, aiming to provide institutional-grade validation services.
The firm positions itself as a potential leading Ethereum Treasury company, targeting institutional investors and public market participants who seek exposure to ETH yield without directly managing on-chain operations. As of press time, Bitmine common stock (BMNR) showed no significant price movement. The newly listed preferred shares will be closely watched for yield performance relative to the stated dividend rate.