Overview
- Proposal 2 asks shareholders to lift the authorized share cap from 500 million to 50 billion.
- Voting closes January 14 at 11:59 p.m. ET, with results addressed at the January 15 annual meeting at the Wynn Las Vegas.
- Tom Lee frames the move as capital‑markets flexibility for at‑the‑market offerings, convertibles, warrants, preferred stock, and potential M&A.
- Lee says the authorization does not mean BitMine will issue all shares immediately or seek to dilute existing holders.
- Management links BMNR’s price to ETH and presents illustrative scenarios with potential 20:1, 60:1, and 100:1 splits, while some coverage notes ongoing ETH accumulation and staking, including a report of $259 million staked and about $1.7 billion held.