Tom Lee Seeks Shareholder Approval to Expand BitMine Shares to 50B
Tom Lee, chairman of BitMine Immersion Technologies (BMNR), has requested shareholders to approve a proposal that will dramatically develop the corporate’s approved share rely to 50 billion, up from its present restrict of 500 million.
Key Takeaways:
- Tom Lee needs BitMine to increase its approved share restrict to 50 billion to allow future inventory splits as its valuation tracks Ethereum.
- BitMine shares jumped 14% after the proposal, reflecting investor help for preserving the inventory reasonably priced.
- The plan has cut up buyers, with some voicing dilution issues.
In a video posted to YouTube on Friday, Lee described the transfer as a structural adjustment slightly than a right away issuance.
“That doesn’t imply we’re issuing 50 billion shares,” he stated, stressing that the proposal would merely increase the utmost variety of shares the corporate is allowed to authorize.
Investors appeared receptive, with BitMine shares climbing about 14% on Friday to commerce close to $30.93 by mid-afternoon in New York.
Lee framed the proposal primarily as a means to put together for future inventory splits as BitMine’s valuation tracks the value of Ethereum.
According to Lee, the corporate’s share worth intently mirrors ether’s efficiency, creating the danger that BMNR may turn out to be prohibitively costly for retail buyers if ETH rallies sharply.
“If ETH rises to $22,000, our inventory may very well be round $500,” Lee stated. Under extra aggressive assumptions, together with a state of affairs the place Bitcoin climbs to $1 million and ETH reaches $250,000, Lee estimates BitMine’s shares may carry an implied worth close to $5,000.
“Most individuals need shares to keep round $25,” he stated, arguing that high nominal costs can deter participation no matter fundamentals.
BitMine has repositioned itself as the most important Ethereum-focused digital asset treasury, holding roughly 3.41% of ETH’s circulating provide.
The firm disclosed final week that it added one other 44,463 ETH, bringing whole holdings to greater than 4.11 million ether.
While BitMine nonetheless maintains some Bitcoin-related operations, its core technique shifted in 2025 towards accumulating and staking ETH to generate yield.
Lee stated that if ether have been to attain $250,000, BitMine would probably want to execute a 100-for-1 inventory cut up to preserve a share worth close to $25.
That state of affairs would require tens of billions of approved shares, which the present construction doesn’t permit. “We’re making an attempt to get forward of that,” he stated.
Not all buyers are satisfied. Reaction on social media has been combined, with critics arguing that elevating the approved share restrict may pave the best way for dilution.
Supporters counter that approved shares usually are not the identical as issued shares and that the proposal merely offers administration flexibility as the corporate’s crypto-linked valuation evolves.
Shareholders have till Jan. 14 to vote on the proposal.
As reported, BitMine plans to switch on its Made in America Validator Network in early 2026, aiming to earn staking yield from a $12 billion ETH hoard.
Last week, the corporate stated it now holds 4,110,525 Ether, a stash it values at about $12 billion, making it the most important publicly-disclosed Ethereum treasury and putting it among the many largest crypto steadiness sheets out there.
The submit Tom Lee Seeks Shareholder Approval to Expand BitMine Shares to 50B appeared first on Cryptonews.
