BitMine Immersion Chairman Tom Lee urges shareholders to approve a proposal to increase the company's authorized shares from 500 million to 50 billion. He clarified that this move is not to dilute existing shareholders' interests but to facilitate fundraising, trading, and future stock splits. Lee believes that if Ethereum's price rises as he expects, a stock split will be necessary, aligning with his view that Ethereum will become the core of the tokenized market. Shareholders must vote by January 14.
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BitMine Immersion Chairman Tom Lee urges shareholders to approve a proposal to increase the company's authorized shares from 500 million to 50 billion. He clarified that this move is not to dilute existing shareholders' interests but to facilitate fundraising, trading, and future stock splits. Lee believes that if Ethereum's price rises as he expects, a stock split will be necessary, aligning with his view that Ethereum will become the core of the tokenized market. Shareholders must vote by January 14.