BitMine (BMNR) · updated 2026-10-19 18:08 UTC · prices delayed
BMNP is BitMine's preferred, backed by an ETH treasury rather than BTC. It pays a fixed 9.5% a year in weekly payments on Fridays, accrued on a 30/360 basis, so each payment varies slightly with the number of days. It isn't convertible, and BitMine can redeem it for cash.
Key risk: It's backed by ETH, which has historically been more volatile than BTC.
| Issuer | BitMine (BMNR) (ETH-backed) |
| Dividend rate | 9.50% fixed |
| Pays | Weekly (Fri) |
| Stated amount | $100 |
| Cumulative | Yes |
| Last price (delayed) | $96.90 |
| Effective yield | 9.80% |
| Next payment | $0.1847/sh paid 2026-10-23 (record 2026-10-13; declared) |
| Next ex-date | 2026-10-20 for $0.1847/sh paid 2026-10-30 (declared) |
| Tax character | unknown |
BitMine (BMNR) pays about $33.2M a year across its preferreds (BMNP). Its treasury of 6,041,481 ETH (as of 2026-10-18) is worth about $14.52B, which is roughly 436.8 years of ETH coverage and a 0.23% yearly breakeven ETH return.
Coverage = treasury value ÷ annual preferred dividends. Holdings source.
What is BMNP's dividend?
BMNP pays a 9.50% annual dividend rate (fixed) on its $100 stated amount, paid weekly (fri). At the last price of $96.90 that is an effective yield of 9.80%.
Is BMNP cumulative?
Yes. Missed dividends accrue and are owed later.
How well covered is BMNP's dividend?
BitMine (BMNR)'s ETH treasury covers about 436.8 years of its annual preferred dividends at current prices (treasury value ÷ annual preferred dividends).
Effective yield = rate × stated amount ÷ price. Prices: Yahoo Finance (delayed). Crypto: CoinGecko. Terms, shares and holdings: issuer SEC filings. PrefWatch is independent and not affiliated with any issuer. Not investment advice.
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