BMNR shareholders are encouraged to read the Chairman’s message and vote on the four proposals before the January 14, 2026 deadline.
Bitmine will hold its annual shareholder meeting on January 15, 2026 at the Wynn Las Vegas
Bitmine continues to be backed by a leading group of institutional investors including Cathie Wood of ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal to acquire 5% of ETH
/PRNewswire/ — Bitmine Immersion Technologies, Inc. (NASDAQ: BMNR) today announced the release of a new Chairman’s Message (link) outlining why shareholders are being asked to vote YES on a proposal to increase the Company’s authorized shares. The message is now available on the Bitmine website and is intended to provide additional context ahead of the upcoming shareholder vote.
The deadline for voting is January 14, 2026 at 11:59 PM ET.
In the video, Chairman Tom Lee explains the rationale behind ‘Proposal 2’, which seeks shareholder approval to amend the company’s amended and restated certificate of incorporation to increase authorized shares from 500 million to 50 billion.
There are three reasons why the company needs to increase the authorized shares:
- It would enable Bitmine to conduct capital markets activities, including at-market offerings, convertible bonds and warrants.
- It would provide flexibility to make opportunistic deals, including possible mergers or acquisitions.
- Most importantly, it would allow the company to conduct future stock splits as needed.
Since its pivot in July to make Ethereum (ETH) its primary treasury asset, Bitmine has noted that its stock price has closely followed movements in ETH.
*Coefficient (per Bloomberg) is 0.015 ETH price plus ETH/share increment
The scatter plot in the gallery above shows the clear relationship (the x-axis is ETH; the y-axis is BMNR).
The company believes Ethereum represents the future of finance, a supercycle driven by Wall Street reengineering on the blockchain. Major industry leaders agree, including BlackRock CEO Larry Fink, who said tokenization is the next evolution of global markets. And the vast majority of tokenization happens on Ethereum.
Bitmine previously noted that the tokenization will drive ETH/BTC to an all-time high (0.0873).
- Targeting 0.25 as Ethereum turns out to be the future of finance
This implies future ETH prices of:
- $ 12.000
- $22,000 (previous high)
- $ 62.000 (0,25, “payment rails”)
- $250,000 (if BTC reaches $1 million)
These potential future ETH prices can be used to calculate “implied” future BMNR prices**
- $ 22.000 ETH → $ 500 BMNR
- $ 62.500 ETH → $ 1500 BMNR
- $ 250.000 ETH → $ 5000 BMNR
**These use the coefficient 0.15* ETH plus the assumed ETH/share increase of 33%. These are for illustrative purposes only. No forecast.
To keep shares “accessible” to the public, the company would like to split the shares to reset the stock price to $25.
If the shares of BMNR are good for:
- $500, a 20:1 split is needed
- $1500, a 60:1 split is needed
- $5000, a 100:1 split is needed
These splits will increase the total number of shares outstanding. So, Bitmine can only split shares in the future if the total authorized shares are increased.
Shareholders are encouraged to review the Chairman’s message and vote before the January 14, 2026 deadline. They are also welcome to attend the annual meeting on January 15, 2026 at the Wynn Las Vegas.
To attend the meeting you must register in advance: https://web.viewproxy.com/BMNR/2026
The annual meeting will be streamed live on Bitmine’s X account: https://x.com/bitmnr
The full-year 2025 earnings presentation and corporate presentation can be found here: https://bitminetech.io/investor-relations/
The chairman’s message can be found here:
https://www.bitminetech.io/chairmans-message
To stay informed, sign up at: https://bitminetech.io/contact-us/
Over Bitmine
Bitmine is a Bitcoin and Ethereum network company with a focus on the accumulation of Crypto for long-term investments, whether acquired through our Bitcoin mining operations or from the proceeds of capital raising transactions. The company’s business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering consulting and mining services to companies interested in earning Bitcoin-nominated income, and general Bitcoin consulting to public companies. Bitmine’s operations are located in low-cost energy areas in Trinidad; Pecos, TX; and Silverton, Texas.
For more details see
https://x.com/bitmnrhttps://x.com/fundstrathttps://x.com/bmnrintern
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements.” The statements in this press release that are not purely historical are forward-looking statements that involve risks and uncertainties. In particular, this document contains forward-looking statements regarding the progress and achievement of the Company’s objectives with respect to the acquisition and staking of ETH, the long-term value of Ethereum, the continued growth and advancement of the Company’s Ethereum treasury strategy and the applicable benefits to the Company. In evaluating these forward-looking statements, you should consider several factors, including Bitmine’s ability to keep pace with new technology and changing market needs; Bitmine’s ability to fund its current operations, Ethereum treasury operations and proposed future operations; the competitive environment of Bitmine’s business; and the future value of Bitcoin and Ethereum. Actual future performance outcomes and results may differ materially from those expressed in any forward-looking statements. Forward-looking statements are subject to numerous conditions, many of which are beyond Bitmine’s control, including those set forth in the Risk Factors section of Bitmine’s Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on November 21, 2025, as well as any other SEC filings, as amended or updated from time to time. Copies of Bitmine’s filings with the SEC are available on the SEC’s website at www.sec.gov. Bitmine makes no commitment to update these statements for revisions or changes after the date of this publication, unless required by law.
Logo -https://mma.prnewswire.com/media/2739874/BitMine_Dark_Background___Logo.jpg