CoinWorld News reports that Tom Lee stated in his previously announced Chairman's speech that Bitmine shareholders should vote in favor of the amendment to increase authorized shares before the upcoming annual shareholders' meeting on January 15, 2026. This is because Bitmine's bylaws contain a special provision requiring 50.1% of the circulating shares to support the issuance of additional shares, which is an extremely high threshold. Immediate action is needed to issue more shares, as Bitmine's current 500 million authorized shares are about to be exhausted. At that time, the accumulation rate of ETH will slow down, so shareholders need to approve a second proposal to increase the authorized shares.
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CoinWorld News reports that Tom Lee stated in his previously announced Chairman's speech that Bitmine shareholders should vote in favor of the amendment to increase authorized shares before the upcoming annual shareholders' meeting on January 15, 2026. This is because Bitmine's bylaws contain a special provision requiring 50.1% of the circulating shares to support the issuance of additional shares, which is an extremely high threshold. Immediate action is needed to issue more shares, as Bitmine's current 500 million authorized shares are about to be exhausted. At that time, the accumulation rate of ETH will slow down, so shareholders need to approve a second proposal to increase the authorized shares.