Ether Treasury Firm Chairman Urges Shareholders to Approve Share Increase

2026-01-02 19:20:10

Source: CryptoNewsNet Original Title: Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote Original Link: https://cryptonews.net/news/ethereum/32219157/ Tom Lee, chairman of an ether treasury firm, urged shareholders to approve a board proposal for a sharp increase in the company’s authorized share count.

In a start-of-the-year message, Lee said the proposal to boost the company’s number of shares to 50 billion from 500 million is not a precursor to a move to “dilute” shareholders.

“[This] doesn’t mean we’re issuing 50 billion shares. That’s what we want the total max shares to be,” Lee said.

Acknowledging that a higher share count does make it easier to enable the company to raise capital, Lee reminded that it also allows the company to pursue opportunistic dealmaking and — most importantly, according to Lee — accommodate future share splits.

Lee argued that the company’s share price has increasingly tracked ether since the company pivoted last year to make ETH its primary treasury asset. If ether’s price rises over the years as he expects — as high as $250,000 if bitcoin reaches $1 million — splits will be necessary to keep shares “accessible” to the public.

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