BitMine’s Shareholder Vote Could Decide the Future of Ethereum Treasuries | US Crypto News

Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee, settle in, and keep one eye on the calendar because tomorrow night, something big brews in the shadows of crypto. A single vote could quietly unleash chaos or spark the kind of fire most people only whisper about.

Crypto News of the Day: Ethereum Investors are Watching BitMine’s Shareholder Vote

As the clock ticks toward midnight on January 14, 2026, all eyes are fixed on a single high-stakes shareholder vote that could reshape the future of Ethereum (ETH) and its most aggressive corporate champion, BitMine Immersion Technologies (BMNR).

BitMine, chaired by renowned analyst Tom Lee of Fundstrat, has aggressively positioned itself as the world’s largest public Ethereum treasury.

As of January 11, the company holds 4.07 million ETH, representing roughly 3.36% of the total supply, with 1.256 million ETH already staked. This generates substantial passive yield through its growing validator operations.

Bitmine ETH Holdings. Source: StrategicETHReserve.xyz

The firm recently added tens of thousands of ETH in recent weeks alone, highlighting its relentless accumulation strategy aimed at reaching 5% of the ETH supply.

The pivotal event is the deadline for shareholders to approve Proposal 2, which seeks to increase authorized shares from 500 million to an extraordinary 50 billion.

Management, led by Tom Lee, argues this “one-and-done” expansion is essential to avoid hitting a growth ceiling.

2/
There are 3 reasons the company needs to increase authorized shares, but one is the most important:

– enable selective ATM, capital raises
– opportunistic deals (mergers, etc)
– accommodate future share splits <—KEY

The last point is key