Bitmine Proposes Major Share Increase to 50 Billion to Support Ethereum Strategy
Bitmine Immersion Technologies (NASDAQ: BMNR) is urging shareholders to vote in favor of increasing authorized shares from 500 million to 50 billion. This move is crucial for supporting the company's pivot to accumulating Ethereum (ETH) as its primary treasury asset and ensuring share accessibility for retail investors.
Since July 2025, Bitmine has focused on acquiring 5% of the total ETH supply, a strategy backed by major institutional investors. The company anticipates significant ETH price appreciation, projecting potential ETH prices of $20,000-$40,000. To maintain share accessibility, BMNR plans future stock splits, requiring the increased share authorization. Shareholders are encouraged to vote by January 14, 2026.


Cryptovka
Bitmine Proposes Share Increase to 50 Billion to Support ETH Strategy
Bitmine Immersion Technologies, Inc. (NASDAQ: BMNR) has released a formal message from Chairman Tom Lee detailing the rationale behind a proposed...


















