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Bitmine Immersion seeks shareholder approval to boost authorized shares from 500M to 50B for financial flexibility and growth.
Bitmine Immersion Technologies (BMNR) is asking shareholders to approve increasing its authorized shares from 500 million to 50 billion, citing the need for financial flexibility to support at-the-market offerings, convertible securities, mergers, acquisitions, and potential stock splits.
The move follows the company’s shift to focusing on Ethereum, with its stock now closely tracking ETH’s value.
Chairman Tom Lee said the change is vital to maintaining share accessibility and supporting future growth, especially amid rising interest in tokenization.
Shareholders must vote by January 14, 2026, ahead of the annual meeting on January 15 at the Wynn Las Vegas.
Bitmine Immersion busca la aprobación de los accionistas para aumentar las acciones autorizadas de 500M a 50B para flexibilidad y crecimiento financiero.