The post BitMine stock eyes parabolic move, analyst expects ETH surge appeared on BitcoinEthereumNews.com.

BitMine stock price continued its consolidation as traders waited for the outcome of a crucial shareholder vote and after Standard Chartered analysts delivered a bold Ethereum prediction. Summary BitMine stock has formed a double-bottom pattern on the eight-hour chart. A major shareholder’s vote on increasing authorized shares will end on Wednesday. Standard Chartered predicts that the Ethereum price will surge to $7,500. BitMine, which is associated with Tom Lee, was trading at $31.60, a level it has remained at in the past few days. This price is slightly above the key support level at $28.75, where it formed a double-bottom pattern. BitMine stock will react to the outcome of a major shareholder vote that ends on Tuesday. Shareholders are voting on whether to increase the number of authorized shares from the current 500 million to 50 billion, a move that may lead to substantial dilution over time. Lee has argued that the goal is not to dilute the shares held by Peter Thiel, Cathie Wood, and Jonathan Bates. Instead, he argues that the increase will provide the company with the cash it needs for strategic acquisitions, to enable selective at-the-money capital raising, and to accommodate future share splits. 2/There are 3 reasons the company needs to increase authorized shares, but one is the most important: – enable selective ATM, capital raises– opportunistic deals (mergers, etc)– accommodate future share splits <—KEY The last point is key🔑 Any time a company splits shares,… pic.twitter.com/WZshJ9qgB6 — Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) January 2, 2026 The company also argues that it will soon reach the current authorized share limit, implying that it may cease accumulating more Ethereum (ETH) to achieve its target of owning 5% of the market capitalization.  There are signs that the BMNR stock price will exhibit elevated volatility over…

---

Filed under: News - @ January 14, 2026 12:26 am