Bitmine's Chairman Encourages Shareholders to Support Stock Increase Amendment

Bitmine's New Message from the Chairman

On January 2, 2026, Bitmine Immersion Technologies, Inc. (NASDAQ: BMNR) issued a message from its Chairman, Tom Lee, outlining critical reasons for shareholders to support a proposal aimed at increasing the number of authorized shares. This amendment is vital for the company's growth and flexibility moving forward.

Background on the Proposal

Bitmine, known for its focus on both Bitcoin and Ethereum networks, is seeking to amend its Articles of Incorporation. Specifically, the proposal aims to raise the authorized shares from 500 million to 50 billion. This significant increase has garnered attention as it may reshape the future directions of the company. The deadline for shareholders to cast their votes is January 14, 2026, at 11:59 PM ET, ahead of the annual meeting scheduled for January 15, 2026, at the Wynn Las Vegas.

In his video message, Lee provides a detailed justification for the amendment, breaking it down into three main points:

1. Market Capital Activities: By increasing the number of authorized shares, Bitmine can engage more robustly in capital market activities, including public offerings, convertible notes, and warrants.
2. Opportunistic Acquisitions: The flexibility this proposal offers allows Bitmine to pursue strategic deals, whether through mergers or acquisitions, aligning with their vision to lead in blockchain technology.
3. Future Stock Splits: Most importantly, this increase will enable the company to implement future stock splits, making shares more accessible to the public while maintaining liquidity.

The Role of Ethereum

Since shifting its core treasury asset to Ethereum (ETH) last July, Bitmine has noticed a correlation between its stock price and the movements of ETH. The company believes that Ethereum is integral to the future of finance, driven by the tokenization trends that are rapidly evolving on blockchain platforms. Notably, industry leaders such as Larry Fink of BlackRock have echoed this sentiment, asserting that tokenization represents the next phase of global market evolution.

Shareholder Expectations

Bitmine's plans are ambitious, projecting potential future prices for ETH that could translate into significant valuations for BMNR shares. According to their analysis, if the price of ETH reaches $250,000, BMNR could see its stock priced at $5,000, assuming current correlations hold true.

However, for these ambitious plans to materialize, shareholder approval of the authorized shares increase is crucial. Lee emphasizes that if the stock rises to levels like $500, a split would be necessary, but this can only happen with an increased total of authorized shares.

Upcoming Annual Meeting

Shareholders are highly encouraged to review the Chairman’s message in detail and prepare to vote on this crucial proposal before the deadline. The annual meeting, where these significant plans will be outlined further, will also feature a live broadcast on Bitmine's X account. Registration is required for attendance.

To stay updated on Bitmine's plans, you can visit their investor relations page at https://bitminetech.io/investor-relations/. The company is committed to transparency and continuous communication as they navigate the evolving landscape of cryptocurrency investment.