Tom Lee Seeks Shareholder Approval to Expand BitMine Shares to 50B

Tom Lee, chairman of BitMine Immersion Technologies (BMNR), has asked shareholders to approve a proposal that would dramatically expand the company’s authorized share count to 50 billion, up from its current limit of 500 million. Key Takeaways: Tom Lee wants BitMine to raise its authorized share limit to 50 billion to enable future stock splits as its valuation tracks Ethereum. BitMine shares jumped 14% after the proposal, reflecting investor support for keeping the stock affordable. The plan has spl ...