Mark Harvey(@thepowerfulHRV):Did you know that BitMine has a $STRC-like preferred stock, except it's backed by Ethereum? Ticker: $BMNP It currently offers a 9.5% dividend and is trading well below par ($100). I doubt ETH will even compound at 9.5% annually going forward, so to me this is completely insane. I think the dividend will need to reach something closer to 15% for it to trade at par, given the additional risk of Ethereum. A dividend that is not sustainable.

Mark Harvey

@thepowerfulHRV

Investor | Engineering and Finance background | $BTC $MSTR $TSLA $STRC | Views are my own and not financial advice

参加 March 2010

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Mark Harvey@thepowerfulHRV

2026.07.14 17:49

Did you know that BitMine has a $STRC-like preferred stock, except it's backed by Ethereum? Ticker: $BMNP It currently offers a 9.5% dividend and is trading well below par ($100). I doubt ETH will even compound at 9.5% annually going forward, so to me this is completely insane. I think the dividend will need to reach something closer to 15% for it to trade at par, given the additional risk of Ethereum. A dividend that is not sustainable.