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.
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.
