Bitmine Gains Investor Support to Expand Share Limit

Odaily News Ethereum treasury company Bitmine Immersion Technologies has received shareholder approval to increase its authorized shares, with the proposal receiving 81% of the votes in favor. The company currently holds 4.203 million ETH (approximately 3.5% of the circulating supply), 193 BTC, and $22 million worth of shares in Eightco Holdings, in addition to nearly $1 billion in cash. Furthermore, Bitmine has staked approximately 1.83 million ETH, resulting in a comprehensive Ethereum staking rate of 2.83%, and recently invested $200 million in Beast Industries, indicating its ETH accumulation and diversification strategy. (CoinDesk)