Overview
- Chairman Tom Lee urged shareholders to vote by Jan. 14 ahead of the Jan. 15 annual meeting at the Wynn Las Vegas.
- He stressed the authorization is a maximum ceiling rather than an immediate issuance, positioned to facilitate future stock splits if BMNR rises with ETH.
- Management says the expanded authorization would also support at‑the‑market offerings, convertibles, warrants, and potential acquisitions.
- On Jan. 2 the company staked an additional 82,560 ETH, bringing staked holdings to about 544,064 ETH—roughly 13% of a roughly 4.1 million‑ETH treasury, according to on‑chain trackers.
- Investor response has been mixed over dilution risk, though BMNR rose about 14% on Friday as the Ethereum‑centric strategy and staking ramp drew attention.