Tom Lee urged BitMine shareholders to approve the proposal to increase the authorized number of shares from 500 million to 50 billion in the vote on J...
TL;DR
BitMine Immersion Chairman Tom Lee urges shareholders to approve increasing authorized shares from 500 million to 50 billion by January 14th, aiming to support fundraising and stock splits without dilution.
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PANews reported on January 3rd that, according to Coindesk, Tom Lee, Chairman of Ethereum asset management company BitMine Immersion (BMNR), urged shareholders to approve the board's proposal to significantly increase the number of authorized shares, from 500 million to 50 billion. Lee assured shareholders that the increase was not intended to dilute shares, but rather to facilitate fundraising, trading, and future stock splits. Shareholders must vote on the proposal by January 14th, with the annual shareholder meeting scheduled for January 15th in Las Vegas.