BitMine's Shareholder Meeting to Discuss Major Stock Proposal

According to BlockBeats, on January 15, BitMine Chairman Tom Lee announced in an interview with 3PROTV that Ethereum founder Vitalik Buterin and OpenAI CEO Sam Altman are expected to attend the annual shareholder meeting scheduled for today, January 15. The meeting will include a vote on a proposal to increase the company's authorized shares from 500 million to 50 billion. Tom Lee emphasized that if the proposal is not approved, the company will be unable to issue new shares to purchase more Ethereum or make acquisitions. Addressing concerns about dilution, he stated that the company has never issued shares below net asset value. Additionally, BitMine plans to present its 2026 development roadmap at the meeting, highlighting growth sources beyond staking yields and revealing potential acquisitions of other crypto treasury companies.