Tom Lee-Backed BMNR Sees Gains Post-AGM Despite Absence of Speakers – Chairman Indicates Reduced Investment Plans

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: Jan 16 2026

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Source: stocktwits

Stock Performance: BMNR's stock edged up 0.4% in after-hours trading following a significant drop of over 5% in regular hours, amidst discussions about the company's annual general meeting and the absence of key figures Sam Altman and Vitalik Buterin.
Shareholder Approval: The company received shareholder approval to increase its authorized shares from 500 million to 50 billion, which contributed to its trending status on Stocktwits.
Investment Announcements: Bitmine announced a $200 million investment in Beast Industries, linked to the latter's upcoming financial platform, indicating a strategic move to enhance its market position.
Future Engagement Plans: Chairman Tom Lee hinted at deepening engagement with the decentralized trading platform Lighter, suggesting it could become a major focus for Bitmine's future investments.

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.