Tom Lee Backs Share Expansion
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Tom Lee Backs Share Expansion
Tom Lee, chairman of BitMine Immersion, is urging shareholders to approve a proposal that would dramatically raise the company’s authorized share count ahead of a January 14 vote. The plan would expand authorized shares from 500 million to 50 billion, a move Lee says is about flexibility—not dilution.
In a New Year message to investors, Lee emphasized that increasing authorized shares does not mean issuing them. Instead, it gives BitMine room to raise capital, pursue strategic deals, and execute future share splits if needed. He argued that as BitMine has shifted its treasury toward Ethereum, its stock has increasingly tracked ETH’s price.
Lee believes Ethereum could become core infrastructure for tokenized financial markets, echoing comments from Larry Fink of BlackRock. If ETH appreciates significantly over time, Lee says share splits would help keep BitMine’s stock accessible to retail investors.
Shareholders can vote until January 14, with the annual meeting set for January 15 in Las Vegas.
