2026-01-02 20:21:07

BitMine Immersion (BMNR) Chairman Tom Lee recently issued a New Year letter to shareholders, highlighting an important point — the company plans to adjust its authorized share capital structure.

What exactly is going on? The plan is to increase the authorized shares from the current 500 million shares to 50 billion shares. The number sounds huge, but Tom Lee emphasized in the letter that this is not intended to directly dilute shareholder equity.

So, what's the purpose? Mainly to leave room for future financing activities, potential mergers and acquisitions, stock splits, and other arrangements. In simple terms, it's about reserving flexibility and leaving operational room for the company's strategic adjustments.

The voting deadline is tight — shareholders must vote by January 14, and the annual shareholders' meeting will be held on January 15 in Las Vegas. Shareholders interested in this matter should act quickly.

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ProofOfNothing

· 01-02 20:46

50 billion shares? I've seen this trick too many times. The nice way to put it is "strategic room," but in reality, it's just leaving yourself a backup plan.

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ZkSnarker

· 01-02 20:29

lol 5 billion to 500 billion is quite the "flexibility" move, ngl. "trust me bro" energy with extra steps

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HorizonHunter

· 01-02 20:23

It's the same old story, going from 500 million directly to 50 billion—who would believe that? Dilution is inevitable; let's first seize the authority before talking.

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BagHolderTillRetire

· 01-02 20:23

500 million to 50 billion, that's quite a leap. Who would believe there's no dilution? Tom Lee's move indeed leaves enough room for flexibility, with financing, mergers, and stock splits all at will. Voting deadline is January 14th, and the timing feels a bit tight, like they're rushing to meet a schedule. But on the other hand, I haven't fully understood how this thing actually works. With so many air coins these days, we need to be cautious. Brothers, what do you all think? How do you plan to vote this time?

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