Bitmine Immersion (BMNR) slips as Tom Lee urges shareholders to back 50 billion authorized-share plan
NEW YORK, Jan 2, 2026, 09:36 ET — Regular session Shares of Bitmine Immersion Technologies Inc were down about 2% at $27.15 in early U.S. trading on Friday after the company filed new investor materials ahead of a shareholder vote on expanding its authorized share count. The proposal matters because “authorized shares” set the legal ceiling on how much stock a company can issue. Raising that cap can give management room for future stock sales, which can dilute existing investors, or for stock splits, which increase the share count while lowering the price per share. The filing lands as crypto-linked