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Tom Lee: We need to move forward with authorizing BitMine to issue new shares as soon as possible; otherwise, the rate at which ETH is accumulated will slow down.
Svmuu News: In a previously released chairman’s message, Tom Lee stated that Bitmine shareholders should vote in favor of the amendment to increase the authorized share capital prior to the upcoming Annual General Meeting scheduled for January 15, 2026, as Bitmine’s Articles of Association contain a special provision requiring 50.1% of the outstanding shares to support the issuance of additional shares. which is an extremely high threshold. The share issuance must be advanced immediately because Bitmine’s current authorized share limit of 500 million shares is nearing exhaustion; once that limit is reached, the accumulation of ETH will slow down. Therefore, shareholder approval of the second proposal to increase the authorized share limit is necessary. (PRNewswire)
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