BitMine chair seeks 1,000x boost in authorized share cap to 50 billion

BitMine chairman Tom Lee asked shareholders to approve lifting the firm's authorized shares to 50 billion from 50 million, citing potential future stock splits if ETH-driven valuations surge. He modeled scenarios where ETH hits $250,000 with BTC at $1 million, implying $5,000 per share and a 100:1 split to target $25. BitMine pivoted to an ETH treasury in 2025.