In a bold move to enhance shareholder value, BitMine Chairman Tom Lee has called for a significant increase in the company's authorized share limit. This proposal, if approved, could reshape the company's financial landscape and provide more flexibility for future growth. The publication provides the following information:
Proposal to Raise Authorized Share Limit
In early January 2026, Tom Lee urged shareholders to support a proposal to raise the authorized share limit from 50 million to a staggering 50 billion shares, marking a 1000x increase. This strategic decision aims to facilitate potential stock splits, allowing the company to maintain an affordable share price of approximately $25.
Reassurance from Tom Lee
Lee emphasized that while the increase in authorized shares is substantial, it does not imply that BitMine will issue these shares immediately. The chairman reassured investors that this move is primarily a proactive measure to ensure the company's long-term financial health and adaptability in a dynamic market.
Recently, Bitget announced the listing of 98 new tokenized US stocks and ETFs, expanding its trading offerings significantly. This development contrasts with BitMine's recent proposal to increase its authorized share limit. For more details, see more.
