Bitmine Chairman Urges Shareholders to Vote YES on Proposal to Acquire 5% of Ethereum
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Newsfilter
- Shareholder Voting Call: Chairman Tom Lee urges shareholders to vote YES on Proposal #2 to increase authorized shares at the Annual Meeting on January 15, 2026, ensuring unrestricted accumulation of Ethereum and enhancing shareholder value.
- Ethereum Holdings Growth: As of January 11, 2026, Bitmine holds 4,167,768 Ethereum, representing 3.45% of the global supply, with an increase of 24,266 Ethereum in the past week, showcasing the company's strong purchasing power in the cryptocurrency market.
- Total Cash and Asset Value: Bitmine's total cash and 'moonshots' holdings reach $14 billion, including approximately $3.9 billion in Ethereum and $988 million in cash, indicating the company's leading position in the crypto asset space.
- Strong Trading Liquidity: Bitmine's stock trades at an average daily volume of $1.3 billion, ranking as the 67th most traded stock in the US, reflecting its popularity among investors and market confidence.
Analyst Views on BMNR
Wall Street analysts forecast BMNR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BMNR is 47.00 USD with a low forecast of 47.00 USD and a high forecast of 47.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 30.060
Low
47.00
Averages
47.00
High
47.00
Current: 30.060
Low
47.00
Averages
47.00
High
47.00
About BMNR
Bitmine Immersion Technologies Inc. is a Bitcoin (BTC) and Ethereum (ETH) network company, focusing on the accumulation of Crypto for long-term investment. The Company’s business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies, and general Bitcoin advisory to public companies. Its business integrates a digital asset treasury anchored in ETH with an operating platform historically focused on BTC mining and hosting. Through its legacy mining-as-a-service business, it provided turnkey infrastructure and management solutions for institutional clients seeking BTC mining exposure without direct operational obligations. The mining-as-a-services include hardware sales and deployment support; operations management, uptime maximization, and pool payout optimization; and financial reporting and compliance support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
