Tom Lee, Wall Street strategist and Chairman of BitMine Immersion Technologies, has issued a compelling appeal to shareholders. The proposal, which is at the heart of the upcoming annual meeting, aims to increase the company’s authorized shares from 500 million to an astonishing 50 billion. This substantial change, according to Lee, is a cornerstone of BitMine’s growth strategy within the cryptocurrency market.
Why the Proposal Matters
Dubbed as a critical step for the company’s future, Lee outlined three main reasons for the increase in authorized shares:
- Capital Flexibility: Allows BitMine to raise funds efficiently for new opportunities and initiatives.
- Mergers and Acquisitions: Enables the company to pursue strategic partnerships and growth opportunities.
- Stock Splits: Keeps shares accessible to smaller investors while maintaining a manageable stock price.
Lee emphasized that the stock splits were particularly key. By utilizing ratios such as 20-to-1 or 100-to-1, BitMine aims to ensure its share price remains around $25, even as Ethereum’s rapid growth impacts the company’s valuation.
BitMine’s Monumental Role in Ethereum
BitMine has transitioned from a Bitcoin-centric mining operation to becoming the world’s largest public Ethereum treasury. As of December 28, 2025, the company reported holding over 4.1 million ETH, valued at approximately $12.1 billion. This equates to an impressive 3.41% of all Ethereum in circulation.
In addition to its Ethereum holdings, the company has $1 billion in cash, 192 Bitcoin, and an investment in Eightco Holdings. During the week leading up to Lee’s announcement, BitMine increased its Ethereum assets by 44,000 ETH.
Investing in the Future of Staking
BitMine is actively staking over 400,000 ETH, yielding substantial returns for the company. Additionally, the “Made in America Validator Network” will launch in early 2026, optimizing staking profits further and strengthening the company’s infrastructure.
Shareholders: Your Vote Matters
The annual shareholder meeting is set for January 15, 2026, at the Wynn Las Vegas. Votes for the proposal and other agenda items must be cast by January 14 through mail, telephone, internet, or in person at the meeting. Virtual attendance will also be available via a livestream on the company’s official X account.
Shareholders who wish to attend in person must pre-register online by January 13, 2026. The agenda also includes the election of directors, a new 2025 Omnibus Incentive Plan, and a vote on executive compensation.
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The Bottom Line
With a historic stake in Ethereum and a visionary growth strategy, BitMine is positioning itself as a major force in the cryptocurrency sector. The proposed increase in shares not only ensures the company’s flexibility but also aims to make its success more inclusive by keeping shares accessible. Shareholders’ participation in this decision could shape the future of one of the cryptocurrency industry’s most influential entities.
