Summary
• Bitmine Immersion Technologies (BMNR) shares surged 13% to $30.77 following a call from the Chairman for shareholder approval on increasing authorized shares.
• The company holds significant assets, including 4.11 million Ethereum tokens and $13.2 billion in cash and crypto, aiming for 5% of total ETH supply.
• BMNR has a “Buy” consensus rating from analysts amid high investor interest and an upcoming annual meeting on January 15, 2026.
Bitmine Immersion Technologies, Inc. (BMNR) is seeing a significant jump of 13% in its intraday trading, with shares currently priced at $30.77. This move follows a recent message from the company’s Chairman urging shareholders to approve a proposal to increase the number of authorized shares, ahead of an impending vote scheduled for January 14, 2026.
Chairman’s Message Drives Engagement
On January 2, 2026, Bitmine published a Chairman’s message detailing the rationale behind the shareholder vote concerning an amendment to increase authorized shares. This announcement has garnered attention as it comes with a context of ongoing support from various institutional investors, including notable names like Cathie Wood and Bill Miller III. Investors are encouraged to review and participate in the upcoming annual stockholder meeting set for January 15, 2026, at the Wynn in Las Vegas.
Bitmine’s recent financial disclosures show a substantial 4.11 million Ethereum (ETH) tokens and combined cash and crypto holdings totaling $13.2 billion. The company, having recently announced its ETH holdings, emphasized its target of acquiring 5% of the total ETH supply, which not only positions it favorably in the market but also forms a strategic part of its long-term investment objectives.
Recent SEC Filings
The company has made several recent filings with the SEC, including multiple 8-Ks, the latest of which was accepted on December 29, 2025. These filings may provide further details on the shareholder proposals and the operational strategy the management team is pursuing.
Current Report (8-k)
| Filing Date | Accepted Date | |
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Annual Report (10-k)
| Filing Date | Accepted Date | |
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Market and Technical Picture
Bitmine’s stock has been actively traded with an average volume of 30,470,381 in the last ten days, indicating robust investor interest. Currently, the stock has a Relative Strength Index (RSI) of 38.28, illustrating that it has been in a lower price range recently, but this uptick today may help reset market sentiment.
Despite a challenging performance trend, with a year-to-date increase of over 6800%, the stock remains volatile, reflecting significant liquidity and ongoing interest from investors and traders alike.
Analyst Sentiment
Analyst ratings for BMNR remain positive, with a consensus rating of “Buy,” suggesting that market analysts see potential value in the company’s strategic moves and future growth avenues. This supportive sentiment aligns with the more substantial recent activity in the stock price.
As Bitmine Immersion Technologies navigates through these developments, the stock continues to be on the radar of both retail and institutional investors, especially as they approach critical shareholder decisions set for mid-January.