Core Viewpoint - Bitmine Immersion Technologies, Inc. (NASDAQ: BMNR) is urging shareholders to vote on four proposals before the deadline of January 14, 2026, with a focus on increasing the authorized shares from 500 million to 50 billion to support its strategy of acquiring 5% of the ETH supply [1][2]. Group 1: Shareholder Meeting and Proposals - The annual general meeting will be held on January 15, 2026, at Wynn Las Vegas, where shareholders are invited to participate and vote on the proposals [1][9]. - The deadline for voting is set for January 14, 2026, at 11:59 PM ET [2]. Group 2: Reasons for Increasing Authorized Shares - The company has identified three main reasons for increasing the number of authorized shares: 1. To conduct capital market activities, including market offerings, convertible bonds, and warrants [6]. 2. To provide flexibility for opportunistic transactions, such as potential mergers or acquisitions [6]. 3. To enable future stock splits if necessary [6]. Group 3: Ethereum Strategy and Market Outlook - Bitmine believes that Ethereum represents the future of finance, driven by a supercycle transforming Wall Street through blockchain technology, with significant industry support [4]. - The company anticipates that the tokenization of ETH/BTC will drive new all-time highs, projecting a target price of $0.25 for ETH, which implies future ETH prices of $22,000 [5][7]. Group 4: Financial Implications and Stock Splits - The company plans to use a coefficient of 0.15 ETH plus an assumed appreciation of ETH per share of 33% for future price calculations, indicating potential stock splits to maintain accessibility for public investors [8][13]. - If BMNR shares reach certain price points, specific stock splits will be required to adjust the share price back to a more accessible level [13].

Core Viewpoint - Bitmine Immersion Technologies, Inc. (NASDAQ: BMNR) is encouraging shareholders to vote on four proposals before the deadline of January 14, 2026, with a focus on increasing the number of authorized shares from 500 million to 50 billion to support its strategic goals, particularly in acquiring Ethereum (ETH) [1][2]. Group 1: Shareholder Voting and Proposals - The annual general meeting will take place on January 15, 2026, at Wynn Las Vegas, where shareholders are urged to read the president's message and vote [1][8]. - The deadline for voting is set for January 14, 2026, at 11:59 PM ET [2]. - The president, Tom Lee, explains the necessity of Proposal 2, which seeks shareholder approval to modify the company's certificate of incorporation to increase the number of authorized shares [2]. Group 2: Strategic Focus on Ethereum - Bitmine has decided to make Ethereum its primary treasury asset, observing a close correlation between its stock price and ETH movements [2]. - The company believes Ethereum represents the future of finance, driven by a super-cycle of tokenization on the blockchain, with industry leaders like Larry Fink of BlackRock supporting this view [4]. - Bitmine anticipates that tokenization will lead to historical highs in the ETH/BTC ratio, aiming for a target of 0.25 [5]. Group 3: Financial Implications and Future Projections - The increase in authorized shares will allow Bitmine to engage in capital market activities, including market offerings, convertible bonds, and warrants, as well as provide flexibility for opportunistic operations like mergers or acquisitions [5]. - Future price projections for ETH suggest potential values of $12,000, $22,000, $62,000, and $250,000 under various scenarios, which could influence BMNR's stock price [6][7]. - The company plans to conduct stock splits to keep shares accessible to the public, contingent on increasing the total number of authorized shares [7]. Group 4: Company Overview - Bitmine focuses on accumulating crypto assets for long-term investment through Bitcoin mining and Ethereum-related activities, operating in low-energy-cost regions such as Trinidad and Tobago and Texas [9].

Core Viewpoint - Bitmine Immersion Technologies, Inc. (NASDAQ: BMNR) is urging shareholders to vote on four proposals before the deadline of January 14, 2026, with a focus on increasing authorized shares from 500 million to 50 billion to support its strategy of acquiring 5% of Ethereum (ETH) [1][2]. Group 1: Shareholder Proposals - The company is seeking shareholder approval for a proposal to increase authorized shares to facilitate capital market activities, including market offerings and convertible bonds [5]. - The increase in authorized shares is also intended to provide flexibility for opportunistic deals, such as mergers or acquisitions, and to enable future stock splits as necessary [5][7]. - The chairman's message outlines the rationale behind the proposals and encourages shareholders to review it before voting [1][8]. Group 2: Market Context and Strategy - Bitmine has positioned Ethereum as its primary treasury asset since July, noting that its stock price closely follows ETH movements [2]. - The company believes Ethereum represents the future of finance, with significant industry leaders supporting the notion that tokenization will drive market evolution, primarily occurring on the Ethereum blockchain [4]. - Bitmine anticipates that the tokenization of ETH/BTC could drive ETH prices to record highs, with potential future ETH prices being used to calculate "implied" future BMNR prices [4][6]. Group 3: Financial Projections - The company has outlined various price scenarios for ETH and corresponding BMNR stock prices, suggesting that if ETH reaches $250,000, BMNR could potentially reach $5,000 [6][11]. - To keep shares accessible to the public, Bitmine plans to execute stock splits to adjust the share price back to $25, contingent on increasing the total authorized shares [7][11]. Group 4: Company Overview - Bitmine operates as a Bitcoin and Ethereum network company focused on accumulating cryptocurrency for long-term investments, with operations in low-energy-cost areas [9]. - The company's business lines include Bitcoin mining, synthetic Bitcoin mining, and providing advisory services related to Bitcoin [9].

Core Viewpoint - BitMine Immersion Technologies (BMNR) is seeking shareholder approval to increase its authorized share count from 500 million to 50 billion, primarily to facilitate future stock splits as its valuation aligns with Ethereum's price movements [1][9]. Share Expansion Proposal - Tom Lee, the chairman, emphasized that the proposal is a structural adjustment and does not imply an immediate issuance of 50 billion shares [3]. - The increase in authorized shares is intended to prepare for potential stock splits, especially if Ethereum's price rises significantly [4][7]. Stock Performance and Valuation - Following the announcement, BitMine shares rose approximately 14%, trading near $30.93, indicating investor support for the proposal [4]. - Lee noted that if Ethereum's price reaches $22,000, BitMine's stock could rise to around $500, and under more aggressive scenarios, it could approach $5,000 [5]. Company Strategy and Holdings - BitMine has positioned itself as the largest Ethereum-focused digital asset treasury, currently holding over 4.11 million ETH, which is about 3.41% of Ethereum's circulating supply [6]. - The company's strategy has shifted towards accumulating and staking ETH to generate yield, moving away from Bitcoin-related operations [7]. Investor Reactions - The proposal has elicited mixed reactions from investors, with some expressing concerns about potential dilution resulting from the increase in authorized shares [8][9].

We recently published 10 Stocks Powering Into 2026 With Explosive Gains. Bitmine Immersion Technologies, Inc. (NYSEAmerican:BMNR) is one of the top performers on Friday. Bitmine Immersion snapped two days of losses on Friday, surging 14.88 percent to finish at $31.19 apiece as investors took heart from higher Ethereum prices during the session, while digesting the company's calls to approve a plan to raise its authorized capital stock to 50 billion. As of writing, prices of Ethereum were up by 4.09 perce ...

Wall Street legend Thomas "Tom" Lee released a video on Jan. 2 in which he asked the shareholders of BitMine Immersion Technologies (NYSE: BMNR) to approve a 100-fold increase in authorized shares ahead of the Jan. 14 deadline. The company will increase the number of authorized shares from 500 million to 50 billion if the shareholders approve the proposal. Related: Crypto analyst warns of 50% drop for Ethereum in 'worst-case scenario' Understanding Bitmine's business model Bitmine Immersion is a popula ...

BitMine Immersion（BMNR）董事长 Tom Lee 在新年致股东信中呼吁股东支持董事会提出的授权股本调 整方案，拟将公司可授权股份数量从 5 亿股提高至 500 亿股，并明确表示该调整并非用于直接稀释现有 股东，而是为未来融资安排、潜在并购交易以及可能实施的股票拆分预留制度空间；相关提案的股东投 票截止日期为 1 月 14 日，年度股东大会计划于 1 月 15 日在拉斯维加斯举行。（CoinDesk） （来源：吴说） ...

In the video, Chairman Tom Lee explains the rationale behind Proposal 2, which seeks shareholder approval to amend the Company's Amended and Restated Certificate of Incorporation to increase authorized shares from 500 million to 50 billion. There are three reasons the Company needs to increase authorized shares: It would allow Bitmine to conduct capital markets activities, including at-the-market offerings, convertibles, and warrants. It would provide flexibility to pursue opportunistic deals, including po ...

Group 1 - BitMine Immersion Technologies is expected to be one of the most popular foreign stocks among South Korean investors in 2025, ranking second after Alphabet [1] - The company, supported by billionaire Peter Thiel and led by Wall Street analyst Tom Lee, saw its stock price surge over 3000% after announcing a shift from Bitcoin mining to accumulating Ethereum [1] - Despite a subsequent decline of approximately 82% from its peak, South Korean retail investors have invested a net total of $1.4 billion into BitMine by December 29, 2025 [1] Group 2 - Retail investors have increased their bets using higher-risk tools, injecting $566 million into the "2x Long BitMine Daily Target ETF," which aims to provide double the daily returns of the underlying asset [2] - BitMine currently holds approximately $12 billion worth of Ethereum, making it the largest digital asset treasury company focused on this token [2] - Ethereum itself has seen a decline of about 11% in 2025, with its price dropping to $2,979 after reaching a historical high of nearly $5,000 in August [2]

Core Insights - Bitmine has announced its total crypto and cash holdings amounting to $13.2 billion, which includes 4.11 million ETH tokens and $1.0 billion in cash [1][2] - The company holds 3.41% of the total ETH supply, which is 120.7 million ETH, and aims to reach 5% of the ETH supply [1][2] - Bitmine's annual shareholders meeting is scheduled for January 15, 2026, at Wynn Las Vegas, where shareholders are encouraged to vote on four key proposals [4][9] Financial Performance - As of December 28, 2025, Bitmine's crypto holdings include 4,110,525 ETH valued at $2,948 per ETH, 192 BTC, and a $23 million stake in Eightco Holdings [2] - The total staked ETH is 408,627, valued at approximately $1.2 billion, with a composite Ethereum staking rate (CESR) of 2.81% [5] - If fully staked, Bitmine's ETH could generate annual staking fees of $374 million, equating to over $1 million per day [5] Market Position - Bitmine is ranked as the 1 Ethereum treasury and 2 global treasury, following Strategy Inc. [6] - The company is the largest ETH treasury in the world and has a significant trading volume, averaging $980 million per day, making it the 46th most traded stock in the U.S. [8] Strategic Initiatives - Bitmine is working with three staking providers to launch its Made in America Validator Network (MAVAN) in 2026, which aims to provide a secure staking infrastructure [5][6] - The company emphasizes shareholder value creation through ETH acquisition, optimizing returns on ETH holdings, and strategic investments in "moonshots" [4] Shareholder Engagement - The upcoming annual meeting will address the election of eight directors, an increase in authorized common shares, approval of the Omnibus Incentive Plan 2025, and a performance-based compensation plan for the executive chairman [9]