BitMine Immersion (BMNR) stock jumps 15% as Tom Lee pushes 50-billion share authorization vote
NEW YORK, January 4, 2026, 06:51 ET — Market closed BitMine Immersion Technologies Inc shares closed sharply higher in the last U.S. session after the crypto-focused company stepped up its push for shareholders to approve a sweeping increase in its authorized shares. The stock ended Friday up 14.9% at $31.19. Nasdaq The vote matters because authorized shares set the maximum number of shares a company is allowed to issue under its charter. Raising that ceiling can give management room for stock sales, stock-based deals or stock splits, but it can also amplify dilution worries if new shares are issued. BitMine’s