Bitmine Authorizes Increase in Shares: A President's Message to Shareholders

Bitmine's Call to Action for Shareholders

Bitmine Immersion Technologies, Inc., listed on NASDAQ as BMNR, has recently issued a message from its new president, Tom Lee. The communications aimed at shareholders emphasize the importance of voting 'Yes' to approve an amendment that seeks to increase the number of authorized shares from 500 million to 50 billion. This significant change is presented as a crucial step for the company's future capital and operational flexibility.

Voting Deadline

The voting deadline is set for January 14, 2026, at 11:59 PM ET. Shareholders are not only encouraged to read the chairman's message, available on Bitmine's website, but are also welcomed to attend the annual meeting scheduled for January 15 at Wynn Las Vegas. This meeting will be an opportunity for shareholders to engage directly and ask questions about the company’s future plans.

Reasons for the Amendment

In his detailed explanations, President Lee outlines three main reasons for this move:
1. Capital Market Activities: Increasing the authorized shares will enable Bitmine to conduct capital market activities, which includes issuing offerings on the market, convertible bonds, and warrants. This flexibility will empower Bitmine to seize market opportunities as they arise.
2. Opportunistic Transactions: The ability to increase authorized shares allows Bitmine to pursue opportunistic deals, which could include mergers or acquisitions that could enhance the value of the company.
3. Future Stock Splits: Importantly, this increase will allow Bitmine to execute future stock splits as necessary, making the shares more accessible to the public and aligning prices accordingly.

Since the company redirected its focus towards Ethereum (ETH) in July, Bitmine notes a correlation between its stock price and ETH market movements. The price sensitivity with Ethereum positions Bitmine strategically for future growth and investment, as the cryptocurrency landscape continues to evolve.

Future Predictions

Bitmine sees ETH not just as a cryptocurrency but as the cornerstone of the future financial ecosystem. Key leaders in finance agree on this perspective, with notable figures like Larry Fink, CEO of BlackRock, emphasizing that tokenization is the next evolution of global markets. Bitmine predicts several potential price points for Ethereum that correspond to the growth trajectory they foresee:
* ETH prices of $12,000, $22,000, and even $62,000 could imply substantial valuations for BMNR shares, ranging from $500 to $5,000 based on current financial modeling.

Share Splits

To maintain public accessibility, Bitmine is considering stock splits depending on the achieved prices. For instance, if BMNR reaches $500, a split of 201 would be required to bring the price back to $25. This strategy underscores the necessity for the proposed increase in authorized shares, laying the groundwork for future growth.

Shareholder Engagement

As stakeholders in this transformative phase, shareholders are encouraged to actively participate. The upcoming vote and annual meeting represent a critical juncture in Bitmine's path forward. The message from the chairman is readily accessible, and those interested can easily register to attend the meeting or watch the livestream on Bitmine's official X account.

For ongoing updates, shareholders can also subscribe to notifications through Bitmine's contact page. This level of transparency aims to foster trust and engagement among investors, as the company navigates its ambitious goals in the dynamic cryptocurrency space.

In summary, Bitmine’s push for an increase in authorized shares is not simply a procedural adjustment but a strategic maneuver designed to position the company for success in a rapidly changing market. Shareholders are being invited not just to vote, but to become active participants in shaping Bitmine's future.