BitMine Immersion Technologies Inc(US:BMNR) Prnewswire·2026-01-03 18:50Core 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].