BitMine, a leading Ethereum treasury firm, has declared its first annual dividend, signifying a shift toward traditional corporate finance strategies amid the recent downturn in digital asset prices. The company’s announcement comes as it reported strong financial results for the fiscal year ending August 31st, showcasing profitability despite unrealized losses on Ethereum holdings. This news follows a steep decline in crypto treasury companies’ market capitalization, leading investors to seek more stable returns through dividends and buybacks. The dividend, at $0.01 per share, is set to be paid December 29th. The move represents BitMine’s effort to return value to shareholders amidst a challenging environment for digital asset treasuries. The company’s stock has fallen sharply following the market pullback in ETH prices from its peak of $135 in July, impacting investors and driving interest in traditional financial tools. While the firm boasts a significant Ethereum holding worth billions of dollars and continues to pursue other revenue streams, it faces heightened scrutiny regarding the sustainability of its capital structure as valuations decline. BitMine’s strategy highlights the increasing importance of traditional finance techniques for crypto treasury companies during this period of market volatility.