on BitMine Immersion Technologies, Inc.
Bitmine Seeks Approval to Increase Authorized Shares
Bitmine Immersion Technologies, Inc. is urging shareholders to vote YES on a proposal to increase the company's authorized shares from 500 million to 50 billion. Shareholders are invited to review a new message from Chairman Tom Lee ahead of the vote, with a deadline set for January 14, 2026.
The company plans to use the increased shares to engage in capital market activities, pursue strategic deals, and conduct stock splits to maintain share accessibility. This move aligns with Bitmine's strategy of capitalizing on Ethereum's growing role in global finance, backed by the company's institutional and personal investors. Prominent figures like Larry Fink have endorsed tokenization on Ethereum, forecasting significant price targets for ETH.
The annual stockholder meeting will occur on January 15, 2026, at the Wynn Las Vegas, with live streaming available on Bitmine's X account.
R. E.
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