BitMine Chairman Tom Lee has called for the maximum number of shares that can be authorized to be increased to 50 billion.

TechFlow to a report by Coindesk on January 3rd, BitMine Immersion (BMNR) Chairman Tom Lee, in his New Year's letter to shareholders, urged shareholders to support the board's proposed authorized share capital adjustment plan, which aims to increase the number of authorized shares from 500 million to 50 billion. Lee clarified that this adjustment is not intended to directly dilute existing shareholders, but rather to reserve institutional space for future financing arrangements, potential mergers and acquisitions, and possible stock splits. The deadline for shareholder voting on the proposal is January 14th, and the annual shareholders' meeting is scheduled to be held in Las Vegas on January 15th.