Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Tom Lee urges BitMine shareholders to approv
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Tom Lee urges BitMine shareholders to approv
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
By Olivier Acuna|Edited by Stephen Alpher
Jan 2, 2026, 5:12 p.m.
Tom Lee, chairman of ETH treasury firm Bitmine, urged shareholders to approve a board proposal for a sharp increase in the company's authorized share count.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Tom Lee, chairman of ether ETH$3,125.59 treasury firm BitMine Immersion (BMNR), urged shareholders to approve a board proposal for a sharp increase in the company's authorized share count.
In a start-of-the-year message, Lee said the proposal to boost the company's number of shares to 50 billion from 500 million is not a precursor to a move to "dilute" shareholders.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
“[This]t doesn’t mean we’re issuing 50 billion shares. That’s what we want the total max shares to be,” Lee said.
Acknowledging that a higher share count does make it easier to enable the company to raise capital, Lee reminded that it also allows BitMine to pursue opportunistic dealmaking and — most importantly, according to Lee — accommodate future share splits.
Lee argued that BitMine’s share price has increasingly tracked ether since the company pivoted last year to make ETH its primary treasury asset. If ether's price rises over the years as he expects — as high as $250,000 if bitcoin reaches $1 million — splits will be necessary to keep shares "accessible" to the public.
Lee framed the proposal within a broader thesis that Ethereum will play a central role in Wall Street’s push toward tokenized financial markets, pointing to public comments by BlackRock CEO Larry Fink about blockchain-based market infrastructure. Lee has separately said he has been accumulating ether personally, aligning his macro view with BitMine’s treasury strategy.
Lee reminded shareholders that they have until Jan. 14 to vote on the proposal, with BitMine’s annual shareholder meeting scheduled for Jan. 15 in Las Vegas.
BitmineEther
More For You
KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market
Commissioned byKuCoin
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
View Full Report
More For You
$110 billion in crypto left South Korea in 2025 owing to strict trading rules
While South Korean financial officials acknowledged the need for new rules, disagreements over stablecoins delayed a broader crypto framework.
What to know:
- South Koreans transferred over 160 trillion won to foreign crypto exchanges last year due to domestic regulatory restrictions.
- The delay in implementing the Digital Asset Basic Act has left a regulatory gap, pushing investors to offshore platforms.
- Domestic exchanges face strict regulations, limiting them to spot trading, while foreign platforms offer more complex products.
Read full story
Latest Crypto News
Bitcoin pushes above $90,000 as traders eye change in pattern
$110 billion in crypto left South Korea in 2025 owing to strict trading rules
Bitcoin miner Bitfarms exiting Latin America with $30M sale of Paraguay site
Iran accepts cryptocurrency as payment for advanced weapons
Turkmenistan legalizes crypto mining and exchanges to boost the economy
Internet Computer climbs back to $3 as short-term momentum improves
Top Stories
Bitcoin pushes above $90,000 as traders eye change in pattern
Bitcoin's squeeze sets stage for major price swing
Tether adds nearly $800 million in bitcoin, bringing holdings above 96,000 BTC
XRP and solana volatility in 2025 was twice as bumpy as bitcoin's
Bitcoin miner Bitfarms exiting Latin America with $30M sale of Paraguay site
Turkmenistan legalizes crypto mining and exchanges to boost the economy
Market Opportunity
TOMCoin Price(TOM)
$0.000066
$0.000066$0.000066
USD
TOMCoin (TOM) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Vitalik Buterin Highlights Crypto Privacy with Key Zcash Donation
Vitalik Buterin donates to Shielded Labs, supporting Zcash's privacy and security focus. Shielded Labs' Crosslink update enhances Zcash's transaction speed an
Share
Coinstats2026/02/08 05:08
Famed Epstein reporter drops bombshell about '11 men' in the files: 'Trump is on the list'
A reporter whose work led to the arrests of Jeffrey Epstein and Ghislaine Maxwell dropped a bombshell claim on Saturday, saying the DOJ has been lying and that "
Share
Rawstory2026/02/08 04:50
This U.S. politician’s suspicious stock trade just returned over 200% in weeks
The post This U.S. politician’s suspicious stock trade just returned over 200% in weeks appeared on BitcoinEthereumNews.com. United States Representative Cloe Fields has seen his stake in Opendoor Technologies (NASDAQ: OPEN) stock return over 200% in just a matter of weeks. According to congressional trade filings, the lawmaker purchased a stake in the online real estate company on July 21, 2025, investing between $1,001 and $15,000. At the time, the stock was trading around $2 and had been largely stagnant for months. Receive Signals on US Congress Members’ Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions. Enable signal The trade has since paid off, with Opendoor surging to $10, a gain of nearly 220% in under two months. By comparison, the broader S&P 500 index rose less than 5% during the same period. OPEN one-week stock price chart. Source: Finbold Assuming he invested a minimum of $1,001, the purchase would now be worth about $3,200, while a $15,000 stake would have grown to nearly $48,000, generating profits of roughly $2,200 and $33,000, respectively. OPEN’s stock rally Notably, Opendoor’s rally has been fueled by major corporate shifts and market speculation. For instance, in August, the company named former Shopify COO Kaz Nejatian as CEO, while co-founders Keith Rabois and Eric Wu rejoined the board, moves seen as a return to the company’s early innovative spirit. Outgoing CEO Carrie Wheeler’s resignation and sale of millions in stock reinforced the sense of a new chapter. Beyond leadership changes, Opendoor’s surge has taken on meme-stock characteristics. In this case, retail investors piled in as shares climbed, while short sellers scrambled to cover, pushing prices higher. However, the stock is still not without challenges, where its iBuying model is untested at scale, margins are thin, and debt tied to…
Share
BitcoinEthereumNews2025/09/18 04:02