Bitmine Immersion Technologies is asking shareholders to approve a significant expansion of its capital structure at its upcoming annual meeting on January 15, 2026. The key proposal is an amendment to the company's charter to increase the number of authorized shares of common stock from 500 million to 50 billion, a 100-fold increase.
The company has framed this move as necessary for its strategic transformation into a leading Ethereum and Bitcoin treasury business, providing flexibility for future equity issuances. As of early December 2025, Bitmine reported holdings of over 3.86 million ETH and 193 BTC, alongside a billion in cash.
This proposal, however, introduces the risk of substantial dilution for current shareholders if the company were to issue a large number of new shares. In addition to the share authorization, stockholders will also vote on a new 2025 Omnibus Incentive Plan for employees and directors and new executive compensation packages.