BMNR is trading at $25.09, down 3.57% on November 21, 2025, despite reporting strong fiscal year 2025 results. The company announced full-year net income of $328.16 million, fully diluted EPS of $13.39 per share, and declared its first annual dividend of $0.01 per share as the first large-cap crypto company to do so. BitMine also outlined plans to launch its Made-in-America Validator Network (MAVAN) for Ethereum staking in Q1 2026. The decline appears driven by broader crypto market weakness, with Chairman Tom Lee citing a significant liquidity drop since October 10 as the largest single-day liquidation event in crypto history. The stock has declined substantially over the past week, falling from $40.57 on November 12.