Ethereum: Bitmine Approves Share Increase

Bitmine Increases Authorized Shares to Bolster Ethereum Strategy

• Shareholders approved a proposal to increase Bitmine’s authorized share count, with 81% of votes in favor.
• The vote represented 52.2% of outstanding shares and took place at the annual meeting on January 15, 2026.
• Bitmine holds approximately $14.5 billion in total crypto cash and equity, including about 4.2 million Ether, which is around 3.48% of the total ETH supply.
• The company acquired 35,268 ETH over the past week and has about 1.84 million ETH staked, valued near $5.9 billion.
• A $200 million investment in Beast Industries is expected to close soon and will be carried at cost.

Bitmine Immersion Technologies has received shareholder approval to increase its authorized shares, enhancing its ability to continue accumulating Ethereum as part of its long-term strategy. The company’s substantial holdings include approximately 4.2 million Ether and a significant stake in other assets totaling $14.5 billion.