Friends involved in crypto spot trading, the logic behind catching this wave of the market isn't complicated—just keep an eye on Saylor for Bitcoin and Tom Lee for Ethereum.

I personally hold stocks in both companies, and honestly, their recent performance has been average. But Tom Lee's small moves are becoming harder to hide.

The biggest recent news from BitMine is their stock expansion plan. On December 8, 2025, the board unanimously agreed to amend the company's articles of incorporation, increasing the authorized common shares from 500 million to 50 billion—this is a significant jump. On the surface, it's for flexibility in financing and acquisitions, but the real goal is to pave the way for future stock splits, aiming to keep the stock price at a level retail investors can afford, around $25. So what about shareholders who bought at higher prices? That’s a tough question.

Their logic is clear: they are very optimistic that Ethereum (ETH) will surge, and when that happens, the stock price will inevitably skyrocket. Early splits can allow more people to participate and prevent the stock from becoming too expensive, which might scare off retail investors.

This strategy has been used before. Tesla did a 5:1 split in 2020 when the stock was too high; after the split, it became more accessible, attracting retail investors, and the stock continued to rise. Apple has split its stock multiple times; the 4:1 split in 2020 made it easier for ordinary people to get in, significantly improving liquidity. Amazon did a big 20:1 split in 2022, dropping the stock from several thousand dollars to a few hundred, and retail investors flooded in, with the company's market cap actually not suffering.

But to be clear, this tactic works well for large companies, but small companies that blindly expand their shares can easily fall into traps. Some SPACs have played this way—issuing new shares for financing, only to dilute shareholder equity, causing the stock price to plummet.

The shareholder meeting is scheduled for January 15, 2026, in Las Vegas, with voting ending on the evening of January 14. My personal understanding is that BitMine's move is betting on ETH's big rise to drive the stock price sky-high, so they are splitting the stock into smaller units in advance, allowing everyone to get a piece of the pie. Otherwise, at this price, most retail investors simply can't participate.