BitMine Immersion Technologies Inc(US:BMNR) Prnewswire·2026-01-03 19:16Core 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].