Background and Appeal
In a recent chairman's statement, Tom Lee reminded BitMine shareholders to vote in favor of the share issuance amendment well ahead of the annual general meeting scheduled for January 15, 2026.
BitMine's corporate charter includes a unique clause requiring at least 50.1% of outstanding shares to approve new share issuance, a high threshold that must be addressed urgently. Currently, BitMine’s authorized share pool of 500 million is nearly exhausted.
Risk and Action
If the issuance isn't advanced in time, the company's Ethereum accumulation rate will inevitably slow down, negatively impacting overall growth strategy.
Tom Lee urges shareholders to actively support the second proposal, which aims to increase the authorized share count, ensuring the company can continue operating efficiently and maintain its Ethereum accumulation momentum.
- Vote in favor of the issuance amendment
- Secure approval from 50.1% of outstanding shares
- Maintain Ethereum accumulation pace
Looking Ahead
With the successful approval of the issuance proposal, BitMine will be better positioned to expand its blockchain-related operations and further drive Ethereum accumulation.