This meeting will vote on a proposal to increase the number of authorized shares Bitmine can issue from 500 million to 50 billion shares. Tom Lee, chairman of Bitmine, confirmed the attendance of two tech leaders on Wednesday and explained the rationale for the significant increase in share authorization: "If the vote does not approve the share increase, the company will stop growing." Bitmine primarily funds its Ethereum purchasing program through the issuance and sale of new shares. Lee stated that Buterin and Altman are expected to give speeches at the meeting.
Vitalik Buterin and Sam Altman to Attend Bitmine Shareholders Meeting on Stock Increase Vote
TechFlowShare
Summary
On-chain news reveals that Bitmine's shareholders' meeting will vote to increase the authorized shares from 500 million to 5 billion. Tom Lee confirmed that Vitalik Buterin and Sam Altman will attend and give speeches. The increase is intended to support ecosystem growth and ensure continued Ethereum purchases through the issuance of new shares.
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