🤑 Tom Lee’s Wild Ride: 50 Billion Shares or Bust? 🚀

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In the dusty plains of the crypto frontier, Tom Lee stands like a modern-day prospector, hat tipped against the glare, urging BitMine shareholders to saddle up for a wild ride. He’s hawking a scheme to swell the company’s authorized shares from a mere 500 million to a staggering 50 billion. Why? To double down on Ethereum, that fickle queen of the digital realm, as the core of BitMine’s treasury.

In his New Year’s sermon, Lee, with a wink and a grin, asked investors to back this proposal before the vote closes on January 14, just a day before BitMine’s annual hoedown in Las Vegas. 🌴🎰

BitMine’s Share Dilution Saga: A Tale of Ethereum and Greed

“Don’t fret,” Lee drawls, “we ain’t issuin’ all them shares right off the bat.” Instead, he claims, it’s about “flexibility”-a word as slippery as a snake oil salesman’s promise. It’s to support future capital needs, he says, and to split stocks if the price soars like a hawk on a thermal.

🧵🪡
The annual shareholder vote deadline is Jan 14, 2026 at 11:59pm ET

– many asking why we want to increase authorized shares from 500mm to 50 billion (proposal 2)

No, it’s not because $BMNR is about to “dilute” shareholders

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Keep reading 📖…
– Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) January 2, 2026

Last year, BitMine pivoted harder than a drunk on a barstool, making ETH its primary treasure. Since then, they’ve been hoarding ether like a dragon hoards gold, less a mining firm and more a leveraged Ethereum balance sheet. In the past month alone, they’ve thrown over $1 billion into the ETH pot. 🤑

Lee, with a sly grin, tells shareholders that BitMine’s stock now dances to ETH’s tune more than its own operations. If Ethereum’s price climbs like a mountain goat, issuing new shares to buy more ETH could still line shareholders’ pockets, even if their slice of the pie shrinks. It’s a gamble, but hey, isn’t that what this game’s all about? 🎲

If the proposal passes before the January 15 shindig in Sin City, BitMine will have a veritable ocean of shares to play with. They could use ’em for:

  • Raising capital, maybe to buy even more Ethereum 💰
  • Acquisitions or strategic deals 🤝
  • Stock splits to keep the share price “accessible,” as Lee puts it, with a wink 😜

Lee’s quick to add, with a wave of his hand, that approving this doesn’t mean dilution’s comin’ tomorrow. But it sure lowers the fence for future dilution, tied tighter than a noose to Ethereum’s whims.

He also hammers on stock splits, like a preacher on a pulpit. If BitMine’s share price climbs with ETH, splits might be needed to keep the little guys in the game. A bigger share pool makes that easier, he says, with a nod and a tip of his hat. 🧢

Still, shareholders stand at a crossroads, dust swirling at their feet. Approving this doesn’t dilute their stakes today, but it paves the way for future dilution, hitched to Ethereum’s wild ride. It’s a gamble, pure and simple, and only time will tell if they’ve backed the right horse. 🐎

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2026-01-03 00:17