BitMine Announces Annual Dividend to Boost Investor Appeal Amidst Share Price Slump

Tom Lee’s BitMine Immersion Technologies, a company specializing in Ethereum-focused investments, recently announced its first annual dividend. The move is aimed at enhancing investor appeal as the company faces a significant share price slump. 2023 saw a 46% drop in BitMine shares price, prompting the firm to offer an annual $0.01 dividend per BMNR share on December 29th. This makes BitMine the first major crypto company to announce such a payout.