BitMine Immersion Technologies, the largest public Ethereum treasury holding 4.07 million ETH, faces a critical shareholder vote to increase authorized shares from 500 million to 50 billion. Approval would enable aggressive ETH accumulation strategies and potentially trigger a bullish feedback loop benefitting both BitMine and Ethereum prices. The vote coincides with key regulatory developments and on-chain Ethereum metrics pointing to reduced selling pressure and rising staking demand.
