BitMine Schedules Jan. 15 Shareholder Vote on Share Issuance to Fund ETH Purchases

BitMine has scheduled a shareholder vote for Jan. 15 on a proposal to increase its authorized shares from 500 million to 50 billion, BlockBeats reports. If approved, the company plans to use the additional capital to purchase ETH. The vote coincides with a U.S. Senate Banking Committee hearing on the CLARITY Act, which targets wash trading and deceptive practices in crypto markets.