Bitmine Immersion Technologies (BMNR) is urging shareholders to approve a proposal to increase its total authorized shares of common stock from 500 million to 50 billion. According to a message from the Chairman, this significant increase is intended to provide strategic flexibility for future capital markets activities, potential acquisitions, and to enable stock splits if the company's share price appreciates significantly in line with its Ethereum-focused strategy.

Key Details

  • Proposed Increase: To amend the company's Certificate of Incorporation to increase authorized shares from 500 million to 50 billion.
  • Stated Rationale: The company cites the need for flexibility to conduct at-the-market offerings, pursue M&A, and execute future stock splits to maintain an accessible share price.
  • Voting Deadline: Shareholders are encouraged to vote "FOR" the proposal by the deadline of 11:59 p.m. ET on January 14, 2026.
  • Company Strategy: The proposal is linked to the company's strategy of making Ethereum (ETH) its primary treasury asset, with the belief that BMNR's stock price will track the value of ETH.