Tom Lee, chairman of BitMine Immersion (BMNR), asked shareholders to approve a board proposal to raise authorized shares from 500 million to 50 billion. Lee said the change is not an immediate dilution but would allow capital raising, opportunistic deals and future stock splits as BitMine shifts toward an ether-centered treasury. He noted BitMine’s share price is tracking ETH, said he is personally accumulating ether, and reminded shareholders to vote by Jan. 14 ahead of the Jan. 15 annual meeting in Las Vegas.

The board proposal would increase authorized shares from 500 million to 50 billion (a 100x expansion), which enables future capital raising and potential dilution; Lee framed it as not immediate dilution while linking the company pivot to an ether-centered treasury and urging a shareholder vote by Jan. 14 — all concrete facts in the summary.