BitMine's Ethereum Dividend Amid Crypto Market Turmoil

BitMine, a company with over nine billion dollars in Ethereum, announces a one-cent dividend per share, aiming to boost shareholder value amidst a stock decline of over five percent and a fifty-two percent drop in the last month. The companys Chairman, Tom Lee, anticipates a V-shaped recovery in crypto prices, citing a record-breaking liquidation event in October. BitMine is preparing to launch a Made in America validator network for staking Ethereum, currently holding three point five five million Ethereum and one hundred ninety-two Bitcoin. Despite the current market downturn, Lee predicts the market cycles peak could be up to three years away, deviating from the historical four-year cycles.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.