US EditionBitmine Publishes New Chairman's Message Explaining Why Shareholders Should Vote YES to Approve the Amendment to Increase Authorized Shares
Tom Lee says increasing authorized shares to 50 billion supports capital raises, opportunistic deals, and future stock splits without diluting current shareholders.
- Tom Lee, chairman of BitMine Immersion , urged shareholders to approve raising authorized shares to 50 billion from 500 million, saying it is not a precursor to dilution and `it doesn't mean we're issuing 50 billion shares.`
- Following its switch to ETH last year, Lee said BitMine's share price increasingly tracks ether and he has been accumulating ether personally to align with the treasury strategy.
- The board argues increased flexibility would ease capital raises, allow opportunistic deals, and accommodate future share splits, Lee said.
- With a January 14 deadline, shareholders must vote on the proposal before BitMine's annual shareholder meeting in Las Vegas on January 15.
- Lee tied the proposal to Ethereum's role in tokenized financial markets, citing BlackRock CEO Larry Fink and projecting ether's price rise to support structural equity moves.
32 Articles
32 Articles
Bitmine publishes new message from the chairman explaining why shareholders should vote YES to approve the amendment that increases the authorized shares
Helena Independent Record
Bitmine Publishes New Chairman's Message Explaining Why Shareholders Should Vote YES to Approve the Amendment to Increase Authorized Shares
BMNR shareholders are encouraged to review the Chairman's message and vote on the 4 proposals prior to the January 14, 2026 deadline
BitMine Seeks Major Share Authorization Hike for Ethereum-Led Growth
BitMine Immersion Technologies is asking shareholders to approve a massive increase in its authorized shares. The company’s leadership, led by Chairman Tom Lee, has explained that this strategic move is designed to enable future stock splits, a necessity they believe will arise as the firm’s share price climbs in tandem with its primary treasury asset: Ethereum (ETH). Shareholder Vote Focuses on Future Flexibility In a series of posts on January…
Bitmine Immersion stock jumps as Tom Lee pitches vote to expand share authorization
NEW YORK, January 3, 2026, 06:39 ET — Market closed Bitmine Immersion Technologies, Inc. (BMNR) closed up 14.88% on Friday at $31.19, with about 58.4 million shares traded, after the company promoted a shareholder vote to dramatically increase the number of shares it is allowed to issue. The push matters because it would reshape the company’s capital flexibility at a time when the stock is already prone to sharp moves. “Authorized shares” is the…
Bitmine Moves To Expand Authorized Shares Ahead Of 2026 Vote
Bitmine Immersion Technologies, Inc. has asked shareholders to approve a major increase in its authorized shares. The proposal would raise the limit from 500 million to 50 billion. The vote closes on January 14, 2026. The company will hold its annual meeting on January 15, 2026, at the Wynn Las Vegas. The request marks a significant structural step for the firm as it advances its Ethereum-focused plan. The proposal was explained in a video messa…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
