{"id":66252,"date":"2026-01-05T05:31:31","date_gmt":"2026-01-05T05:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=66252"},"modified":"2026-01-05T05:31:31","modified_gmt":"2026-01-05T05:31:31","slug":"bitmine-stock-climbs-14-overnight-as-tom-lee-asks-investors-to-support-share-increase-to-keep-prices-accessible","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=66252","title":{"rendered":"BitMine Stock Climbs 14% Overnight As Tom Lee Asks Investors To Support Share Increase To Keep Prices &#8216;Accessible&#8217;"},"content":{"rendered":"<div>\n<p><strong>BitMine Immersion Technologies Inc.<\/strong>\u00a0<a href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" rel=\"noreferrer noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) shares rallied in Sunday overnight trading on <strong>Robinhood <\/strong>after Chair <strong>Tom Lee<\/strong> urged shareholders to support a board proposal to raise the company\u2019s authorized share count from 500 million to 50 billion.<\/p>\n<h2 class=\"wp-block-heading\">Why Lee Is Proposing Increasing Share Count<\/h2>\n<p>Shares of the company climbed 14.84% to $31.73 on the Robinhood platform after Lee said in a New Year message that the move is not aimed at diluting shareholder value, but rather is part of a \u201cstrategic\u201d plan to support future capital raising, \u201copportunistic\u201d acquisitions, and, most importantly, for possible stock splits.<\/p>\n<p>Lee said that BitMine\u2019s stock price has closely tracked <strong>Ethereum\u2019s <\/strong><a class=\"ticker-link\" data-ticker=\"ETH\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/ETH-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) price since the company pivoted to an ETH-centric treasury strategy last year. He predicted that ETH could climb &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/01\/49683458\/bitmine-stock-climbs-14-overnight-as-tom-lee-asks-investors-to-support-share-increase-to-ke?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"BitMine\" stock climbs overnight as tom lee asks investors to support share increase keep prices>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies Inc.\u00a0(NYSE:BMNR) shares rallied in Sunday overnight trading on Robinhood after Chair Tom Lee urged shareholders to support a board proposal to raise the company\u2019s authorized share count from 500 million to 50 billion. Why Lee Is Proposing Increasing Share Count Shares of the company climbed 14.84% to $31.73 on the Robinhood platform [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-66252","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/66252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66252"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/66252\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}