BitMine Shareholders' Meeting Voting Soon: Expanding from 500 million shares to 50 billion shares, Ethereum founder Vitalik may attend

TokenomicsTrapper · 2026-01-15T15:12:11+00:00

Mining company BitMine's Chairman Tom Lee revealed that Ethereum founder Vitalik Buterin and OpenAI CEO Sam Altman will attend the annual shareholders' meeting to discuss the proposal to expand the company's authorized shares to 500 billion. This move concerns the company's future capital operations and acquisition plans. BitMine also plans to showcase its development plan for 2026 and explore new growth channels.

TokenomicsTrapper

2026-01-15 15:12:11

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【Blockchain Rhythm】Is there a big move? Indeed, mining company BitMine’s Chairman Tom Lee recently revealed in an interview that Ethereum founder Vitalik Buterin and OpenAI CEO Sam Altman are expected to attend today’s annual shareholders’ meeting. What is the focus of this meeting? It is to vote on a proposal—to expand the company’s authorized shares from 500 million to 50 billion.

This number is very significant at first glance. Tom Lee emphasized that if this proposal is not approved, the company will not be able to issue new shares to purchase more Ethereum, nor will it be able to carry out subsequent acquisitions. However, he also reassured investors, stating that BitMine has never issued shares below net asset value, so there is no need to worry about dilution.

What else will be announced at the meeting? BitMine plans to showcase its development plan for 2026, which will not only rely on staking income but also include other growth channels. Interestingly, the company may also acquire other crypto treasury companies in the future, indicating that BitMine has significant ambitions within the Ethereum ecosystem.

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rug_connoisseur

· 18h ago

500 billion shares? Man, this expansion is really outrageous. Feels like they're about to cut again. --- Even Vitalik is here, still thinking about running away? I find it hard to believe. --- Never issued below net asset value? Then what about those zeroed-out coins before? --- Sounds nice, let's wait and see. Anyway, I’m not buying. --- Tenfold share expansion and claiming it won't dilute? Who are they trying to fool here? --- What’s Sam Altman doing joining in? The two big shots together really look strange. --- 2026 plan? Let’s see if they can survive until 2024 first.

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nft_widow

· 18h ago

10x share expansion, what are they playing at? Even Vitalik is joining the fun --- Vitalik and Sam Altman together, what big event is BitMine up to? --- 500 billion shares, not diluting? I don’t believe you. --- 10x share expansion and claiming not to dilute, that’s some slick talk. --- Wait, is Vitalik really going? Is this serious? --- Both financing and acquisition, BitMine still needs money. --- Sounds good, but such share expansion will inevitably cause dilution. Who believes it is a fool. --- The 2026 plan has been announced, it seems there are big moves. --- Vitalik attending is already outrageous; there must be some agreement behind it. --- At first glance, this lineup doesn’t seem simple.

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TrustMeBro

· 18h ago

50 billion shares? That'll have to be diluted to the Year of the Monkey or the Year of the Horse. I've heard Tom Lee's rhetoric too many times. Vitalik and Sam Altman standing together, this lineup is indeed impressive, but whether they can really spend money still depends on the announcement. Jumping from 500 million to 50 billion, who can handle such a jump? Projects claiming they won't be diluted have all been diluted anyway. It doesn't matter anymore; I've seen through it all. Feels like another "we are different" story. Just listen and don't take it seriously.

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FUDwatcher

· 18h ago

500 billion shares? That's quite a dilution, but having Vitalik show up in person is really interesting. --- Tom Lee's explanation sounds pretty smooth, but the problem is that many projects have been described like this in the past... --- Wait, Sam Altman is here too? This is no longer just about mining. --- From 500 million to 500 billion, a 100x increase. Who would believe it's not dilutive? 🤷 --- The key is still the part about 2026; it feels like a flash in the pan... --- If Vitalik really goes, I’ll have to take another look at this. --- Under the banner of "not less than net asset value," it's a fundraising tactic similar to Meituan. --- After this shareholders' meeting, how will the stock price move? It's a bit uncertain.

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OffchainWinner

· 18h ago

10x Share Expansion? Even Vitalik is coming to endorse it, this thing must be reliable --- Wait, Sam Altman is coming too? This lineup is pretty impressive, is it really a big deal or just show? --- From 500 million to 50 billion... isn't this just a direct expansion, dilution is unavoidable, right? Tom Lee's words are pointless --- The key is whether we can really buy more ETH; just expanding shares doesn't mean much --- Vitalik attending the mining company's shareholder meeting, discussing synergy here? --- If this doesn't pass the vote, BitMine is done? Feels more complicated than that --- I'm a bit skeptical about the net asset value rhetoric; who doesn't want to raise more money --- We need to see the 2026 plan; just talking about now is pointless --- If this meeting really passes, we should pay attention to BitMine's follow-up actions in the second half of the year

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ContractBugHunter

· 18h ago

Wait, will Vitalik and Sam Altman really come? This move is too big, feels like they're about to cause a stir. 10x stock expansion? Isn't this just paving the way for large-scale financing? Tom Lee's guarantee that it won't be less than net worth is a bit vague, how do you guarantee that? From 500 million to 50 billion, the dilution is a bit too harsh, isn't it? Let's hear what the plan is for 2026, or else what's the point of investing in this?

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