BitMine Immersion Technologies Proposes 100-Fold Increase in Authorized Shares to 50 Billion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- Share Expansion Proposal: BitMine Immersion Technologies has proposed increasing authorized shares from 500 million to 50 billion, aiming to enhance capital market activities and potential share splits, with the shareholder vote deadline set for January 14, 2026.
- Ethereum Strategy: The company currently holds 4,110,525 ETH, accounting for 3.41% of total supply, and plans to acquire 5% of total ETH supply, demonstrating confidence in Ethereum's future and solidifying its market leadership.
- Positive Market Reaction: Following the proposal announcement, BMNR stock surged 14% to $31.03, reflecting market optimism regarding the company's future capital activities and the anticipated rise in Ethereum's price.
- Future Outlook: Chairman Tom Lee expects Ethereum prices to soar to $7,000 to $9,000 in early 2026, which will necessitate a share split to keep BMNR shares accessible to retail investors, further boosting investor confidence.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
