BitMine Immersion Technologies is seeking shareholder approval to increase its authorized share count from 500 million to 50 billion, a 100‑fold expansion that would give the company a much larger pool of shares for future capital‑raising, mergers and acquisitions, and potential stock splits.
The increase is not intended for immediate dilution. Chairman Tom Lee explained that the larger authorized share base will provide flexibility for capital‑market activities and opportunistic deals while supporting the company’s long‑term strategy of building an Ethereum treasury. Lee emphasized that Ethereum represents the future of finance and that the company is pursuing a goal of holding 5 % of the total ETH supply.
Financially, BitMine Immersion has a market capitalization of roughly $12 billion and a price‑to‑earnings ratio of 2.93. The company holds more cash than debt, and its Q4 2025 net income of $333.88 million was generated on revenue of $1.32 million, with annual revenue of $6.09 million. The share‑increase proposal is designed to preserve the company’s ability to raise capital without immediate dilution of existing shareholders.
The announcement was well received by investors, with institutional backing from ARK, Founders Fund, and other major investors continuing to support the company’s Ethereum‑focused strategy.
The shareholder vote will take place on January 15, 2026, at the Wynn Las Vegas. Approval would give BitMine Immersion a 50 billion authorized share base, positioning it to pursue its Ethereum treasury strategy and potential future capital‑raising initiatives.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.