Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee, settle in, and keep one eye on the calendar because tomorrow night, something big brews in the shadows of crypto. A single vote could quietly unleash chaos or spark the kind of fire most people only whisper about.

As the clock ticks toward midnight on January 14, 2026, all eyes are fixed on a single high-stakes shareholder vote that could reshape the future of Ethereum (ETH) and its most aggressive corporate champion, BitMine Immersion Technologies (BMNR).

BitMine, chaired by renowned analyst Tom Lee of Fundstrat, has aggressively positioned itself as the world’s largest public Ethereum treasury.

As of January 11, the company holds 4.07 million ETH, representing roughly 3.36% of the total supply, with 1.256 million ETH already staked. This generates substantial passive yield through its growing validator operations.

The firm recently added tens of thousands of ETH in recent weeks alone, highlighting its relentless accumulation strategy aimed at reaching 5% of the ETH supply.

The pivotal event is the deadline for shareholders to approve Proposal 2, which seeks to increase authorized shares from 500 million to an extraordinary 50 billion.

Management, led by Tom Lee, argues this “one-and-done” expansion is essential to avoid hitting a growth ceiling.

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

Without approval, BitMine’s ability to issue new shares for further ETH purchases would grind to a halt once the current cap is reached. This could stall acquisitions, mergers, and its core treasury-building model.

Lee has emphasized that the company has never issued shares below 1.0x modified net asset value (mNAV), framing the move as accretive to long-term shareholder value.

Failure to secure the required 50.1% majority could trigger delays, reconvened meetings, and months of uncertainty. Notably, this scenario has previously harmed similar digital asset treasuries such as Bit Digital (BTBT).

$BMNR vote deadline is Wed (Jan 14, 11:59pm ET) ahead of the annual meeting.

Timing matters because we’ve seen DATs like $BTBT miss the required majority/turnout on the first try, forcing reconvened meetings, uncertainty and delays that actually hurt shareholders.

Ironic that a… https://t.co/4xvrCUHeR0

Analysts warn that a “no” vote would equate to freezing growth, as the firm would be limited to its existing approximately $988 million cash pile for acquisitions.

Furthermore, January 15 brings a convergence of catalysts. BitMine’s annual shareholder meeting at the Wynn Las Vegas will follow the vote, offering updates on its Made in America Validator Network (MAVAN) and potential post-vote strategies like open-market ETH purchases.

Simultaneously, the US Senate Banking Committee is slated for a markup on the Digital Asset Market Clarity Act (CLARITY Act). This bipartisan bill could provide long-awaited regulatory clarity, targeting manipulation, enforcing proof-of-reserves, and unlocking greater institutional adoption of altcoins like Ethereum.

HUGE week for $ETH and $BMNR upcoming:

Jan 15 we will find out:
1. Decision on clarity act
2. BMNR shareholder vote decision
3. BMNR future plans (shared on their investor day)

With 50B shares authorized, $BMNR will likely buy shares on the open market & more directly drive… https://t.co/nfzrZnNWbV

Ethereum’s on-chain fundamentals amplify the anticipation. Staking exit queues recently hit zero (a first since mid-2025), but has since climbed to 512.

Zero Ethereum is waiting to be unstaked! 📈

🔴 Exit queue: 0 ETH

This has not happened since July 2025.

Last time, it preceded a strong ETH price rally.

At the same time, staking demand is accelerating.

🟢 Entry queue: 1,811,273 ETH waiting to be staked

What does it… pic.twitter.com/gipHBhpQYH

Similarly, exchange balances sit at 10-year lows, and institutional inflows, including from ETFs and treasuries like BitMine, continue to lock up supply.

With ETH trading around $3,129 as of this writing, this as a classic squeeze setup: Reduced selling pressure meets rising demand from staking and adoption narratives around stablecoins, tokenization, and real-world assets.

BMNR stock, trading for $31.13 as of this writing, trades at roughly 1.0x mNAV, positioning it as leveraged ETH exposure.

A successful vote could unleash reflexivity — ETH rises, boosting BitMine’s treasury value, enabling more aggressive buying, and driving further upside.

Skeptics, however, decry the 50 billion share request as excessive dilution risk, though even some critics have reluctantly supported a “yes” vote to avoid stagnation.

Initially, many investors including myself feared the 50B share issuance would destroy value to hit a 5% target—benefiting Tom with a payday for a depreciating asset. But after clarifications, I believe most concerns are resolved. It's a 'yes' from me and many others. Good luck

With Lee dropping cryptic hints and the crypto market showing renewed strength, January 14 and 15 stand as the make-or-break moment.

Passage could light the fuse for explosive gains in both ETH and BMNR. Rejection risks months of paralysis for the “biggest corporate whale” in Ethereum’s orbit. It could also mean a major setback for the broader narrative of institutional crypto adoption in 2026.

Here’s a summary of more US crypto news to follow today:

The post BitMine’s Shareholder Vote Could Decide the Future of Ethereum Treasuries | US Crypto News appeared first on BeInCrypto.

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