2026-01-15 19:44:22

BitMine Chairman Tom Lee revealed that Ethereum founder Vitalik Buterin and OpenAI CEO Sam Altman will attend the company's annual shareholders' meeting. The focus of this meeting is on an important proposal—expanding the authorized share count from 500 million to 50 billion shares. This resolution is significant: if approved, BitMine will gain the flexibility to issue new shares to raise funds for increasing Ethereum holdings or strategic acquisitions. Conversely, if the proposal fails, the company will face strict constraints on fundraising and asset allocation, and will be unable to expand through new share issuance. This move also reflects the ongoing exploration by leading companies in the cryptocurrency sector into mechanism innovation and capital operations.

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Blockchainiac

· 7h ago

Vitalik and Sam appearing together? This lineup is a bit intense, feels like they're about to announce some big event.

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not_your_keys

· 7h ago

Vitalik and Sam appearing together, this is going to be a big deal... Expanding 50 billion shares tenfold, this move is really not small --- Wait, is this paving the way for crazy fundraising? Seems a bit intense --- Two big shots showing up to endorse, they really dare to play, betting that this proposal will pass --- Expanding shares tenfold... Basically, they want money and flexibility, got it --- If this doesn't pass approval, it will be awkward. Both founders are here, and it gets rejected haha --- No wonder it's a top-tier company; other small projects simply can't afford this kind of operation --- What sounds like innovation is actually just a prelude to cutting the leeks? I'm a bit worried --- 500 billion shares, wow, this number looks outrageous --- So the gamble is whether the big shot effect can support the proposal passing? --- Feels like it's a warm-up for bigger moves later

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TokenomicsDetective

· 7h ago

Are Vitalik and Sam both going to appear? This shareholder meeting is interesting; with 50 billion shares involved, things might really go south.

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Degen4Breakfast

· 8h ago

Wow, V God and Sam Altman are both coming? This lineup is incredible --- 50 billion shares? Are they trying to dilute forever? --- So basically, they want to raise money, can it even get approved? --- Having Vitalik come to endorse makes it seem like this is almost certain to happen --- Another round of "mechanism innovation," a new way to cut leeks --- If it doesn't get approved, BitMine will have no way out, a gambler's mentality --- Two big shots showing up for the shareholder meeting, this is full of hype --- If the 50 billion shares are really approved, the old shareholders will be crying their eyes out --- Feels like they are paving the way for large-scale financing --- Wait, what happens if this proposal doesn't pass? Will BitMine just give up?

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RektRecovery

· 8h ago

lol 10x share authorization bump... classic dilution playbook. vitalik and sam showing up is pure theater tbh, watches them rubber stamp whatever tom wants anyway

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GhostAddressMiner

· 8h ago

50 billion shares? This dilution... Vitalik and Sam appearing together, how does it sound like they are endorsing this? The on-chain footprints have long exposed it.

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