If You Like Digital Asset Treasury Stocks, You Need to Mark Your Calendars for January 15

Core Viewpoint - Bitmine Immersion Technologies (BMNR) is seeking shareholder approval to increase authorized shares from 500 million to 50 billion to support its Ethereum accumulation strategy, with a critical vote scheduled for January 15 [1][3]. Group 1: Strategic Initiatives - The capital raise aims to provide financial flexibility for three strategic initiatives, including conducting capital markets activities, pursuing opportunistic acquisitions, and enabling future stock splits as share prices appreciate [5]. - Bitmine holds 4.1 million ETH valued at approximately $12.1 billion, representing 3.41% of the total ETH supply, reflecting the company's bullish outlook on Ethereum [3][4]. Group 2: Share Price Projections - The company's share price is closely correlated with Ethereum's price movements, with a coefficient of 0.015 times the ETH price, plus the accretion of ETH per share [4]. - Scenarios presented by the Chairman suggest that if Ethereum reaches $22,000, $62,500, or $250,000, Bitmine's share prices could rise to $500, $1,500, or $5,000, respectively, necessitating stock splits ranging from 20-to-1 to 100-to-1 to maintain accessibility for retail investors [4]. Group 3: Market Position - Bitmine has become one of the most actively traded stocks in the U.S., with an average daily dollar volume of $980 million, ranking 47th among all U.S.-listed companies, and has a market capitalization exceeding $13 billion [6]. - The company has transitioned from traditional Bitcoin mining to becoming a leading Ethereum treasury platform, aiming to eventually own 5% of the total Ethereum supply [7].