Tom Lee Urges BitMine Shareholders to Approve Share Increase Before January Vote
# Tom Lee Calls on BitMine Shareholders to Endorse Share Increase Before January 14 Vote
Tom Lee, the co-founder of Fundstrat Global Advisors, has made a strong appeal to BitMine shareholders to approve a proposal that would enable a significant increase in the number of authorized shares. This vote is set to take place on January 14.
Lee emphasizes that the initiative is not about flooding the market with new shares. Instead, he clarified, "[This] doesn't mean we're issuing 50 billion shares. That's what we want the total max shares to be." This remark underscores his intention to reassure existing and potential investors of the company's structured approach to equity increases.
The company’s current authorization allows for a maximum of 1 billion shares. The proposed increase would allow BitMine to issue additional shares if necessary, providing it with more flexibility in terms of capital raising and future investments.
With the vote approaching, Lee remains optimistic about garnering support from shareholders, believing that this strategy will position BitMine favorably in the evolving cryptocurrency landscape. He stresses the importance of ensuring that the company is well-prepared for growth and expansion.
Shareholders are encouraged to consider the long-term benefits of the proposal, as it could potentially enhance the company’s market position and resource availability moving forward.
This report is for informational purposes only and is not financial advice.