Bitmine's President Encourages Shareholders to Vote Yes on Stock Amendment Proposal

Bitmine's Call to Action for Shareholders

In a recent communication, Bitmine Immersion Technologies, Inc. (NASDAQ: BMNR) President Tom Lee has made an appeal to shareholders, urging them to approve an amendment that would significantly escalate the number of authorized shares from 500 million to a staggering 50 billion. This request, which is timed with the upcoming shareholder vote, is not just a routine corporate formality; it holds substantial implications for the future of the company.

Importance of the Proposal

The recently released video message by Lee focuses on why shareholders should cast their votes in favor of this amendment. According to Lee, elevating the number of authorized shares will position Bitmine more robustly within the capital markets. It will provide flexibility to engage in various corporate actions, including potential mergers and acquisitions, and will facilitate future stock splits when necessary. This proposal is crucial to allowing the company to remain agile and capitalize on market opportunities.

Context and Timing

Shareholders are reminded that they must vote before the deadline of January 14, 2026, 11:59 PM ET. Following this, the annual general meeting is scheduled to take place on January 15, 2026, at the Wynn Hotel in Las Vegas. Attendance is encouraged, not just to participate in the voting process but to gain insights into the company's strategy moving forward.

Bitmine has garnered impressive backing from several prominent institutional investors, including Cathie Wood of ARK Invest, Bill Miller III, and firms like Pantera and Kraken. This strong support underscores the confidence investors have in Bitmine’s strategy of acquiring and utilizing Ethereum (ETH) as its principal treasury asset.

Bitcoin and Ethereum: The Future of Finance

Since deciding in July to focus on ETH, Bitmine has observed a direct correlation between its stock price and the fluctuations of Ethereum. As noted by financial analysts, having an estimated coefficient of 0.015 indicates that the stock's movements are closely tied to Ethereum's performance. They believe that Ethereum stands as a pivotal element in the evolution of the financial landscape, with significant transformational potential driven by blockchain technology.

Industry leaders like Larry Fink, CEO of BlackRock, have also recognized the potential for tokenization via Ethereum, suggesting that it will drive the next wave of financial market innovations.

Future Price Predictions and Stock Splits

Looking ahead, Bitmine envisions that the anticipated rise in the price of Ethereum could lead to significant increases in BMNR’s market price. Estimates suggest that should Ethereum reach $250,000, BMNR could potentially hit $5,000 a share. Such projections are based on the 0.15 coefficient of ETH pricing, forecasting accordingly with a theoretical increase in ETH per share by 33%.

To maintain accessibility for its investors, Bitmine intends to execute stock splits if the share prices escalate beyond $500, thereby preventing shares from becoming prohibitively expensive. These planned splits hinge on the successful approval of the proposed amendment to increase authorized shares.

Final Call to Action

In summary, shareholders are urged to carefully consider the president's message and take an informed stance by voting prior to the deadline. The upcoming annual meeting provides an excellent opportunity for direct engagement with the company's leadership and a deeper understanding of its strategic direction.

For registration and further details regarding participation in the annual meeting, please visit the designated website. Live coverage will also be available via Bitmine's X account.

Stay informed about future developments by subscribing through this link.

Bitmine remains committed to shaping its future in the rapidly evolving cryptocurrency space by accumulating assets through both mining operations and strategic corporate initiatives.

For any further inquiries and updates, follow Bitmine on X.