Bitmine Immersion (BMNR) slips as Tom Lee urges shareholders to back 50 billion authorized-share plan
Bitmine Immersion Technologies shares fell about 2% to $27.15 Friday after the company filed materials urging shareholders to approve raising its authorized share count to 50 billion. Chairman Tom Lee said the move would enable stock splits and future capital activity. The annual meeting and vote are set for January 15. Crypto-linked stocks, including Coinbase and Marathon Digital, also traded lower.