Wynn Las Vegas, Jan 15: The Day BMNR Decides To Buy More ETH (Or Stop)

BMNR’s Vegas Vote: Will Shareholders Let It Go Even Bigger?

On January 15, 2026, the entire future of the "Ethereum Treasury" strategy comes down to a vote at the Wynn Las Vegas. BitMine Immersion ($BMNR) has called a special shareholder meeting with one massive item on the agenda: Increasing the number of Authorized Shares.

To the average investor, "increasing shares" sounds like a dirty word: Dilution. But for BMNR, this is the fuel for the engine. The company has already acquired 4.06 Million ETH (3.37% of the global supply) by issuing shares to buy coins. Now, to reach their stated goal of 5% ("The Alchemy of 5%"), they need permission to print more stock.

This meeting is a referendum on the strategy. A "Yes" vote means the aggressive accumulation continues. A "No" vote means the machine stops. In this video, we preview the proxy statement, explain the "Accretive Dilution" math that makes this different from a standard offering, and discuss why Tom Lee and the board chose a Vegas venue for this pivotal moment.

In this video, we breakdown:

The Agenda (Proposal 2): The specific request to increase the authorized share count (and why they are running out of "dry powder").

The "Accretive" Argument: How issuing shares to buy ETH increases the value per share if ETH outperforms the stock dilution .

The 5% Goal: Calculating how much more cash they need to raise to get from 3.37% to 5% of the total Ethereum supply.

The Risks: What happens if shareholders revolt? (The "MSTR" comparison).

Disclaimer: This video was created with the assistance of AI tools and is provided for informational and educational purposes only. I am not a licensed financial advisor, and nothing in this content should be considered financial advice. All investments involve risk.

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