Bitmine Pushes to Expand Share Issuance Limit... From 500 Million Shares to 50 Billion Shares
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Bitmine (BMNR), which is strategically accumulating ETH, is pushing to increase its share issuance limit, CoinDesk reports. Bitmine Chairman Tom Lee urged shareholders to vote in favor of a proposal to increase the number of shares eligible for issuance from 500 million to 50 billion, emphasizing that the move is not intended to dilute shareholders' equity. He added, "This measure is intended to provide flexibility for capital raising, mergers and acquisitions, and future stock splits."
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