Vitalik Buterin, Sam Altman to Attend Bitmine Shareholder Vote: Tom Lee
Bitmine Immersion Technologies will host an unusually high-profile annual shareholder assembly as we speak in Las Vegas, with Vitalik Buterin and Sam Altman anticipated to attend, according to Bitmine chair Tom Lee.
Key Takeaways:
- Bitmine is in search of approval for a serious share enhance to preserve shopping for Ethereum.
- Tom Lee says the corporate’s progress depends upon passing the shareholder vote.
- Bitmine now ranks among the many largest company holders of Ether.
The assembly marks the corporate’s first annual gathering because it started accumulating Ethereum in June 2025 and can middle on a proposal to dramatically develop Bitmine’s share authorization.
Shareholders are being requested to approve a rise within the variety of frequent shares the agency can situation, from 500 million to 50 billion.
Lee confirmed the attendance of Buterin and Altman on Wednesday whereas outlining why the vote is vital to Bitmine’s technique.
“If you don’t vote in favour of accelerating the shares, the corporate will cease rising,” Lee stated throughout an interview on SamproTV, a South Korean media outlet.
Bitmine funds most of its Ethereum purchases by issuing and promoting new shares, making shareholder approval important to sustaining its acquisition tempo.
Lee stated the proposed enhance is designed to forestall repeated journeys again to buyers for future approvals.
“We need to have sufficient shares in order that we by no means have to search one other authorisation once more,” he stated.
The firm is a part of a rising group of publicly traded corporations working as digital asset treasuries, whose major mandate is to accumulate and maintain cryptocurrencies on their stability sheets.
Bitmine has centered completely on Ethereum, the second-largest blockchain community by market worth and the spine of a giant portion of decentralized finance exercise.
According to the corporate, Bitmine has amassed simply over 4.1 million Ether, valued at roughly $13.8 billion at present costs.
The scale of these holdings locations the agency among the many largest company holders of the asset.
The presence of Buterin and Altman has added intrigue to the assembly. Altman has not often spoken publicly about Ethereum and is extra intently related to World, a separate crypto undertaking launched by way of Tools for Humanity, an organization he co-founded.
Buterin, in the meantime, has not publicly commented on Bitmine regardless of the agency’s sizable publicity to Ethereum.
Lee and Buterin have crossed paths earlier than, showing collectively on the Token2049 convention in Singapore in October 2025.
Lee stated each Buterin and Altman are anticipated to communicate on the assembly, although the subjects of their remarks haven’t been disclosed.
Buterin Claims Ethereum Has Solved the Blockchain Trilemma
Last week, Buterin said the Ethereum network has solved the blockchain trilemma, crossing a milestone many in crypto lengthy seen as unattainable.
The Ethereum mastermind argued that current and upcoming upgrades have lastly aligned decentralization, safety, and scalability by way of code already working in manufacturing.
Meanwhile, Ethereum’s staking dynamics shifted sharply as validator exits dried up and contemporary capital flowed again into long-term lockups, signaling a notable change in market conduct amongst giant ether holders.
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