Ethereum’s Ascent Drives Strategic Corporate Maneuvers: BitMine’s 100x Share Expansion Plan
In a bold strategic move directly tied to the trajectory of Ethereum, BitMine Immersion Technologies (BMNR) has unveiled a proposal to dramatically increase its authorized share count from 500 million to 50 billion. Announced by Chairman Tom Lee, this 100-fold expansion is framed not as a dilution play but as a forward-looking mechanism to facilitate future stock splits. The core rationale hinges on the company's valuation becoming increasingly correlated with Ethereum's market performance. Lee posits that a significant surge in ETH's price could render BMNR shares prohibitively expensive for the average retail investor, potentially stifling liquidity and broad-based investment. This preemptive measure aims to maintain share price accessibility, ensuring the stock remains an attainable vehicle for investors seeking exposure to the company's growth, which is now symbiotically linked to the Ethereum ecosystem. The proposal signals management's bullish, long-term conviction in both the company's operational strategy and the underlying value of Ethereum. It reflects a corporate structure adapting at scale to the volatility and high-growth potential inherent in the cryptocurrency sector. By aligning its capital structure with anticipated market movements, BitMine is positioning itself to capitalize on Ethereum's momentum while democratizing access to its equity. This development underscores a maturation within crypto-linked public companies, where traditional corporate finance tactics are being deployed to navigate and leverage the unique dynamics of digital asset markets. As of early 2026, this move is seen as a strategic hedge and growth enabler, anticipating a future where Ethereum's success directly translates into increased demand for BMNR's stock.
BitMine Proposes Share Expansion to 50B Amid Ethereum-Linked Growth Strategy
Tom Lee, chairman of BitMine Immersion Technologies (BMNR), has proposed increasing the company's authorized share count to 50 billion from 500 million, framing the MOVE as a preemptive measure for future stock splits. The proposal comes as BitMine's valuation increasingly mirrors Ethereum's price movements, with Lee warning that a surge in ETH could make BMNR shares prohibitively expensive for retail investors.
Investors reacted positively to the news, driving BitMine shares up 14% to $30.93. However, the plan has divided stakeholders, with some expressing concerns about potential dilution. Lee emphasized that the authorization doesn't equate to immediate issuance, calling it a structural adjustment to maintain share affordability during potential ethereum rallies.
Bitmine's $1.7 Billion Ethereum Staking Move Signals Long-Term Crypto Strategy
Bitmine has staked 544,064 ETH worth $1.7 billion in just one week, locking 13.2% of its total Ethereum holdings in the network's Proof-of-Stake contract. The firm's recent deposit of 82,560 ETH ($259 million) demonstrates a deliberate shift from short-term trading to long-term conviction.
Market participants are taking notice. BMNR stock surged 15% in a single session following the announcement. Tom Lee, Bitmine Immersion's chairman, reaffirmed his belief that Ethereum represents the future of finance, echoing the company's strategic bet on staking rewards over liquidity.
The move comes amid cautious market sentiment, yet Bitmine maintains balance—keeping the majority of its 4.11 million ETH holdings liquid while earning passive yield. This institutional-scale commitment suggests growing corporate confidence in Ethereum's proof-of-stake economics.
Crypto Phishing Scams Fall 83% in 2025, Yet Q3 Records Highest Losses
Crypto phishing losses plummeted 83% year-over-year in 2025 to $83.85 million, a dramatic improvement from 2024's $494 million. The number of victims dropped 68% to 106,106, reflecting enhanced wallet security measures and increased user awareness.
Despite the overall decline, scams evolved strategically during market rallies. Ethereum's Pectra upgrade introduced new attack vectors, with EIP-7702 becoming a focal point for exploiters. Permit-based signatures remained the weapon of choice for high-value phishing operations.
The ecosystem demonstrated resilience—maximum single thefts shrunk from $55 million to $6.5 million. Yet as Scam Sniffer's report cautions, threat actors continue adapting their methods to capitalise on price movements and protocol upgrades.
Attacker Drains Hundreds of EVM Wallets in 'Wide-Net' Crypto Exploit
An attacker has systematically siphoned funds from hundreds of Ethereum VIRTUAL Machine (EVM)-compatible wallets, executing a low-value but widespread operation. Losses per address typically remained under $2,000, yet the coordinated nature of the attack suggests a calculated campaign rather than isolated breaches.
Security firms highlight the exploit's automated characteristics, with phishing vectors—including spoofed MetaMask emails and malicious browser extensions—likely playing a role. The incident mirrors recent wallet hacks, despite a broader decline in crypto exploit losses last month.
Onchain investigator ZachXBT noted the attacker targeted multiple EVM chains, casting a 'wide net' to accumulate modest sums at scale. Hackless warned users to revoke suspicious smart contract approvals and monitor wallet activity closely.
