2026-01-02 17:36:02

BitMine Immersion Chairman Tom Lee recently addressed shareholders, strongly endorsing a proposed authorized share capital adjustment by the company's board of directors. The core of this adjustment is to significantly increase the company's authorized shares from the original 500 million shares to 50 billion shares. This change means the company will have greater flexibility in fundraising, employee incentives, and strategic mergers and acquisitions. In the context of increasingly fierce competition in the cryptocurrency market, such an increase in capital flexibility is often seen as a way for companies to reserve ammunition for future development. The shareholders' attitude will directly determine whether this proposal can pass smoothly.

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BlockchainBrokenPromise

· 2h ago

50 billion shares? This time it's really going to be diluted to death, it looks a bit uncertain --- Damn, it's the same old rhetoric again, "reserved ammunition," isn't it just for fundraising and cash grabbing --- I don't quite understand Tom Lee's move this time, from 500 million to 50 billion... how thinly are they spreading this --- This is how the crypto circle works, a big picture is drawn and shareholders obediently vote it through --- Let's wait and see the stock price reaction, it should be very exciting --- I've seen this concept too many times, and in the end, it just becomes a tool to harvest retail investors --- Interestingly, no one asks how the 50 billion shares will be spent... --- Dilution is dilution, but if it can really bring acquisition opportunities, it might be worth it

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TheShibaWhisperer

· 2h ago

500 billion shares? That's such a harsh dilution, feels like a classic pump and dump. --- Tom Lee's move, will the shareholders really buy it? It's a bit uncertain. --- Funding, incentives, mergers and acquisitions... sounds good, but actually just a way to leave a backup plan for themselves. --- From 500 million to 50 billion, a hundredfold increase, how much dilution does that mean for old shareholders? Heartbreaking. --- There's a reason why these proposals always pass; it all depends on how institutional investors vote. --- Why does it feel like in the highly competitive crypto market, project teams start playing stock magic tricks? --- No way, if this continues, how will the tokens support their price? Just thinking about it makes me uncomfortable. --- Wait, is this paving the way for large-scale financing? There's something interesting here. --- The key is how these authorized shares are used later—whether they are all poured into mergers and acquisitions or employee incentives makes a big difference. --- I bet five cents this proposal will pass; major shareholders are always united in their interests.

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MevTears

· 2h ago

50 billion shares? Tom Lee is trying to dilute us, a classic tactic to cut the leeks. --- Authorized share capital increased by 100 times? Not sure if it's for financing or preparations before fleeing. --- Both financing incentives and mergers and acquisitions have been discussed, but the core is to leave room for operation; smart people can see through it. --- This tactic is common in the crypto circle: first raise expectations, then slowly release shares, under the guise of strategic flexibility. --- A 10x share expansion and still calling it a proposal? That's outright plundering shareholders' rights. --- Just want to know if retail investors can vote against it; it feels like this has already been decided. --- Waiting for the big dump show; that's how the crypto world works. No matter how eloquent, the essence doesn't change. --- Another story of equity dilution, nothing new. --- Instead of listening to the usual rhetoric about financing, it's better to watch how Tom Lee's own holdings move.

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BearMarketNoodler

· 2h ago

50 billion shares? The dilution might be so severe that the old shareholders' stakes are almost as thin as paper. --- Tom Lee is playing tricks again, mainly to leave room for himself and the executives to maneuver. Fundraising, incentives, mergers and acquisitions are just the headlines; the actual use remains to be seen. --- The key still depends on what the backers behind the board of directors think. The proposal sounds good, but dilution is the real issue. --- Such adjustments are easier to pass in a bull market. With the current market conditions, retail investors' shares are going to suffer. --- A 100-fold authorization space, to put it bluntly, is to maximize the flexibility for profit-taking from retail investors.

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LadderToolGuy

· 2h ago

50 billion shares? To what extent would that need to be diluted... Would the shareholders agree?

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