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BitMine's Tom Lee seeks to lift authorized shares to 50 billion; deadline Jan. 14
Tom Lee, chairman of BitMine Immersion Technologies (BMNR), asked shareholders in a Friday YouTube video to approve lifting the company's authorized shares from 500 million to 50 billion. BitMine's stock rose 14% to $30.93 at 2:48 p.m. ET that day, and the vote deadline is Jan. 14; the company holds about 3.41% of ETH's circulating supply.