Tom Lee: BitMine must expedite the authorization for new share issuance, otherwise ETH accumulation will slow down.
According to Odaily, Tom Lee stated in a previously released chairman's address that Bitmine shareholders should vote in favor of the amendment to increase authorized shares before the upcoming annual shareholders' meeting scheduled for January 15, 2026. This is because Bitmine's articles of association contain a special provision requiring 50.1% of outstanding shares to support the issuance of additional shares, which is an extremely high threshold. The increase must be pushed forward immediately, as Bitmine's current 500 million authorized shares are about to be exhausted. At that point, the accumulation rate of ETH will slow down, so shareholders need to approve a second proposal to increase the authorized shares.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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