{"id":67387,"date":"2026-01-12T18:01:31","date_gmt":"2026-01-12T18:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=67387"},"modified":"2026-01-12T18:01:31","modified_gmt":"2026-01-12T18:01:31","slug":"bitmine-adds-24266-eth-as-bmnr-surges-4-but-thursday-vote-could-kill-the-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=67387","title":{"rendered":"BitMine Adds 24,266 ETH As BMNR Surges 4%, But Thursday Vote Could Kill The Rally"},"content":{"rendered":"<div>\n<p><strong>BitMine Immersion Technologies<\/strong> <a class=\"ticker-link\" data-ticker=\"BMNR\" data-exchange=\"NYSE\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\" target=\"_blank\" rel=\"noopener\">(NYSE:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/BMNR\">BMNR<\/a>) acquired 24,266 <strong>Ethereum<\/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>) last week, lifting holdings to 4.17 million ETH worth $13 billion, but Chairman <strong>Tom Lee<\/strong> warned accumulation will slow without shareholder approval to increase authorized shares.<\/p>\n<h3 class=\"wp-block-heading\">BitMine Needs 50.1% Shareholder Approval Or ETH Buying Stops<\/h3>\n<p>Lee said BitMine is about to <a href=\"https:\/\/www.prnewswire.com\/in\/news-releases\/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-4-168-million-tokens-and-total-crypto-and-total-cash-holdings-of-14-0-billion-302658230.html\">exhaust<\/a> its current 500 million authorized share limit, which will force the company to slow ETH accumulation when it runs out of equity to sell.\u00a0<\/p>\n<p>A shareholder vote takes place Thursday at the Wynn Las Vegas requiring 50.1% of all outstanding shares\u2014not just those voting\u2014to approve the increase.<\/p>\n<p>\u201cThis is an extremely high bar and thus, makes it very difficult to get an authorized share increase,\u201d Lee said.\u00a0<\/p>\n<p>\u201cWe need to pursue this increase now as Bitmine is soon to exhaust its &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/01\/49853512\/bitmine-adds-24266-eth-as-bmnr-surges-4-but-thursday-vote-could-kill-the-rally?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"BitMine\" adds eth as bmnr surges but thursday vote could kill the rally>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BitMine Immersion Technologies (NYSE:BMNR) acquired 24,266 Ethereum (CRYPTO: ETH) last week, lifting holdings to 4.17 million ETH worth $13 billion, but Chairman Tom Lee warned accumulation will slow without shareholder approval to increase authorized shares. BitMine Needs 50.1% Shareholder Approval Or ETH Buying Stops Lee said BitMine is about to exhaust its current 500 million [&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-67387","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\/67387","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=67387"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/67387\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}