Tom Lee: Need to Expedite Authorization for BitMine's New Share Issuance, Otherwise ETH Accumulation Speed Will Slow Down

Odaily News Tom Lee stated in a previously released Chairman's Address that Bitmine shareholders should vote in favor of the amendment to increase authorized shares before the upcoming Annual General Meeting scheduled for January 15, 2026. This is because Bitmine's charter has a special provision requiring 50.1% of the outstanding shares to support the issuance of new shares, which is an extremely high threshold. The issuance must be advanced immediately as Bitmine's current 500 million authorized shares are about to be exhausted. At that point, the ETH accumulation speed will slow down, so shareholder approval for the second proposal to increase authorized shares is needed. (PRNewswire)