BitMine’s Shareholder Vote Could Decide the Future of Ethereum Treasuries

Group 1 - The upcoming shareholder vote on January 14, 2026, is critical for BitMine Immersion Technologies, which could significantly impact the future of Ethereum and its corporate strategy [2][4] - BitMine currently holds 4.07 million ETH, approximately 3.36% of the total supply, with 1.256 million ETH staked, generating passive yield through validator operations [3] - The company aims to increase its authorized shares from 500 million to 50 billion to avoid growth limitations, with management arguing this expansion is necessary for long-term shareholder value [4][5] Group 2 - Without the approval of the proposed share increase, BitMine's ability to acquire more ETH would be restricted, potentially stalling its treasury-building model [5] - A failure to secure the required 50.1% majority could lead to delays and uncertainty, similar to past issues faced by other digital asset treasuries like Bit Digital [6]