The proposal is framed as a structural transfer to protect flexibility, not a right away plan to subject new shares.
BitMine Immersion Applied sciences is asking shareholders to approve an enormous enhance in its licensed shares.
The corporate’s management, led by Chairman Tom Lee, has defined that this strategic transfer is designed to allow future inventory splits, a necessity they imagine will come up because the agency’s share value climbs in tandem with its major treasury asset: Ethereum (ETH).
Shareholder Vote Focuses on Future Flexibility
In a collection of posts on January 2, Lee immediately addressed investor questions concerning Proposal 2, which seeks to lift BitMine’s licensed widespread inventory from 500 million to 50 billion shares, with a shareholder vote on the measure due by January 14.
The crypto entrepreneur was fast to dismiss considerations that the proposal indicators quick shareholder dilution. As an alternative, he outlined three strategic causes for the change, that are facilitating selective capital raises, enabling opportunistic mergers, and accommodating future share splits.
“The final level is vital,” Lee wrote. “Any time an organization splits shares, whole licensed must be excessive sufficient to accommodate.”
This plan is intrinsically linked to BitMine’s mid-2025 pivot to holding Ethereum as its foremost treasury asset. In response to Lee, the corporate’s inventory value now carefully tracks the value of ETH.
It has aggressively constructed its place, with its newest buy of the asset being a $97.6 million splurge on 32,938 ETH on December 31, 2025, bringing its whole holdings to about 4.07 million ETH, valued at roughly $12 billion.
Ethereum’s Potential and the Path to Splits
Lee’s imaginative and prescient for BitMine is based on a bullish long-term outlook for Ethereum itself. He cited institutional perception in tokenization, echoing statements from leaders like BlackRock’s Larry Fink, and argued that almost all of this exercise will happen on the Ethereum community.
You might also like:
He initiatives the world’s second-largest cryptocurrency by market cap might ultimately hit costs of $22,000, $62,000, and even $250,000 in a state of affairs the place Bitcoin reaches $1 million.
Utilizing BitMine’s established value correlation with ETH, Lee offered illustrative calculations for the place the corporate’s inventory might commerce. These eventualities recommend share costs of $500, $1,500, or $5,000.
To maintain shares accessible to retail traders, the 56-year-old said the corporate would wish to cut up its inventory to reset the value close to $25. Such splits would drastically enhance the variety of shares excellent, necessitating the proposed increase in licensed shares.
This forward-looking technique is coming at a time when Ethereum is weathering a tough interval. Knowledge shows 2025 was ETH’s worst yr since 2018, with 9 month-to-month losses contributing to a 12% annual decline.
The asset is at present buying and selling barely above $3,000, displaying a 3.5% enhance within the final 24 hours however remaining 39% under its all-time excessive set in August 2025. Nonetheless, Lee and BitMine are positioning for a future they imagine shall be outlined by Ethereum’s function in finance, constructing their treasury by way of the downturn in preparation for an anticipated rebound.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in unique BingX Change rewards (restricted time supply).
