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BitMine Chair Urges Shareholders to Approve Major Share Increase

 
Rajpalsinh Parmar
Written By 
Rajpalsinh Parmar
January 2, 2026
BitMine Chair Unveils Proposal to Increase Authorized Share

Key Highlights

  • BitMine chairman Tom Lee is urging shareholders to approve a proposal that would increase the company’s authorized common stock from 500 million to 50 billion shares to enable growth
  • The plan includes a detailed roadmap for future stock splits designed to keep the share price near $25
  • The proposal is built on BitMine’s plan as the world’s largest public Ethereum treasury, holding over 4.1 million ETH worth approximately $12.1 billion

Tom Lee, the prominent Wall Street strategist and Chairman of BitMine Immersion Technologies, has issued a direct appeal to shareholders. He is asking them to approve a significant change to the company’s structure. 

The proposal would increase the amount of common stock the company is authorized to issue from 500 million shares to 50 billion shares. Tom Lee shared a post on X, calling this plan important for BitMine’s future growth in the cryptocurrency sector. 

Tom Lee affirmed that this plan is a need of hours. He stated that it would provide the company with the flexibility to raise capital, pursue potential acquisitions, and execute future stock splits. 

This is all part of what BitMine calls its “alchemy of 5%” strategy, which has a purpose to accumulate 5% of the total supply of Ethereum. 

BitMine’s 2026 Plan for Growth

 A main purpose of Tom Lee’s proposal is to keep BitMine stock accessible to everyday investors. He shared a detailed roadmap for future stock splits, suggesting ratios from 20-to-1 up to 100-to-1.

The purpose of these splits is to maintain BMNR’s share price around $25, even if the value of the company’s massive Ethereum holdings skyrockets. “These splits keep BMNR shares accessible at a $25 price point even as the company tracks Ethereum’s growth,” he said.

Shareholders have a deadline to make their decision. Votes must be cast by January 14, 2026. The company’s annual meeting will take place on January 15 at the Wynn Las Vegas. The share increase is one of four key items on the meeting agenda. The others include electing 8 directors, which adopts a new 2025 Omnibus Incentive Plan, and a non-binding vote on executive compensation. 

BitMine is encouraging its shareholders to participate. They can vote by mail, telephone, internet, or in person at the meeting. Those wishing to attend in person must pre-register online by January 13. The meeting will also be livestreamed on the company’s official account on the social media platform X. 

The proposal comes at a very important time. The company has transformed from a Bitcoin mining operation into what is now the world’s largest public treasury of Ethereum. As of December 28, 2025, the company reported holding 4,110,525 ETH. At that time, these holdings were worth approximately $12.1 billion. 

These holdings represent about 3.41% of all Ethereum in existence, which makes the company one of the biggest ETH holding companies. This includes its Ethereum, 192 Bitcoin, an investment in another company called Eightco Holdings, and $1.0 billion in cash. Just in the week before Lee’s announcement, BitMine added over 44,000 new ETH to its balance sheet.

To generate additional returns on its assets, the company is also actively staking a portion of its Ethereum. As of late December, over 400,000 ETH, worth about $1.2 billion, was being staked with various providers. This staking activity currently generates an annual yield. The company is also developing its own staking infrastructure, called the Made in America Validator Network. This is expected to launch in early 2026 to further optimize these earnings. 

Also Read: Ethereum’s Toughest Year Since 2018 Ends 2026 Is Starting Strong

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Rajpalsinh Parmar
Written by Rajpalsinh Parmar
Rajpalsinh is a crypto journalist with over three years of experience and is currently working with CryptoNewsZ. Throughout his journey, he has honed skills like content optimization and has developed expertise in blockchain platforms, crypto trading bots, and hackathon news and events. He has also written for TheCryptoTimes, where his ability to simplify complex crypto topics makes his articles accessible to a wide audience. Passionate about the ever-evolving crypto space, he stays updated on industry trends to provide well-researched insights. Outside of work, gaming serves as his stress buster, helping him stay focused and refreshed for his next big story. He is always eager to explore new blockchain innovations and their potential impact on the global financial ecosystem.