BitMine Chairman Proposes Raising Firm’s Authorized Shares To 50 Billion — Details
Tom Lee, chairman of Ethereum treasury agency Bitmine, has requested shareholders to approve a proposal to extend the corporate’s licensed shares to 50 billion. This “dramatic” improve within the share depend, which is at the moment at 50 million, is aimed toward protecting the BMNR inventory enticing for retail buyers.
Why BitMine Authorized Shares Need To Increase: Tom Lee
In a current YouTube message, Lee urged shareholders to assist the movement to extend the variety of BitMine shares considerably. According to the chairman, this improve would most significantly handle the potential want for future share splits as BMNR’s value tracks the value of Ethereum.
Using the Ethereum/Bitcoin ratio, Lee postulated numerous potential future valuations for the value of Ether. The BitMine Chairman’s mannequin exhibits that the ETH value might attain $250,000 if Bitcoin surges to $1,000,000, particularly as tokenization continues to attract institutional consideration to the Ethereum blockchain.
In the occasion that Ethereum reaches a valuation of $250,000, Lee’s mannequin places the BitMine inventory at an implied value of about $5,000 per share, a value thought of too high for many retail buyers. “Not all people desires a inventory value at $500, $1,500, or $5,000. Most folks need shares to remain at round $25,” Lee stated within the YouTube message.
This argument relies on the unit bias drawback, a psychological idea the place consumers lean extra towards shopping for an entire unit of an asset as an alternative of a fractional amount. Due to this cognitive bias, buyers are enticed extra by quite a few models of “low cost” shares somewhat than proudly owning fractional models of shares with higher underlying worth or ROI (return on funding) potential.
Furthermore, Lee defined that if ETH hits $250,000, BitMine must provoke a 100:1 inventory cut up to keep up a share value of $25. The chairman stated this share cut up would create 43 billion shares excellent.
Lee famous:
The present shares excellent are 426 million, and we are attempting to get the licensed share depend to 50 billion. That doesn’t imply we’re issuing 50 billion shares. That’s what we would like the full most shares to be.
The BitMine chairman additionally highlighted capital market actions and opportunistic acquisitions as different the reason why the Ethereum treasury agency wants to extend its licensed share depend to 50 billion. The shareholders’ deadline to vote on the proposal is January 14, 2026.
After shifting its focus from Bitcoin mining to Ethereum treasury in 2025, BitMine has gone on to change into the biggest company holder of Ether. The BMNR inventory closed the day at a valuation of $31.19, reflecting an virtually 15% achieve on Friday.
Ethereum Price At A Glance
(*50*) of this writing, the value of ETH stands at round $3,110, reflecting an over 3% leap prior to now 24 hours.
