Why BitMine Wants 50 Billion Shares — And What That Means for Investors

[madtrader]

Tom Lee, chairman of BitMine, is pushing shareholders to approve a massive increase in authorized shares — from 50 million to 50 billion. His reasoning is simple: if Ethereum continues rising alongside Bitcoin, BitMine’s share price could become too expensive for everyday investors without future stock splits.

How to make money: This proposal is a signal that management is positioning BitMine as a long-term ETH proxy. Investors who believe ETH will outperform Bitcoin over the next cycle may benefit from holding BitMine before any stock split announcements, which historically increase liquidity and retail participation — often supporting higher market demand.

[johnblockbuster]

50 billion shares is wild but i get the logic, feels like theyre planning way ahead