Finance
What to Know (and Why You Should Care): š§āļø
- Tom Lee, the wizard of BitMine, is asking shareholders to wave a magic wand and approve a share count increase from 500 million to 50 billion! šŖ
- Lee assures everyone this isnāt a trick to dilute shares-itās just a clever way to raise capital, make deals, and split shares like a baker splitting a cake. š°
- Shareholders have until January 14 to voteā¦ with the annual meeting in Las Vegas. Letās hope the casino chips are as shiny as the promises! š°
Tom Lee, the mastermind behind BitMine Immersion, is waving a magic wand and saying, āLetās make 50 billion shares the new normal!ā š§āļø
In a start-of-the-year message, Lee declared, āWeāre not issuing 50 billion shares-just setting a limit! Itās like buying a giant cake but only eating a slice. š°ā
āThis doesnāt mean weāre flooding the market with shares. Thatās what we want the total max shares to be,ā Lee said, while secretly plotting to turn shareholders into shareholders of a different kind. š¤”
Lee reminded everyone that a higher share count is like having a superpower: it lets BitMine raise capital, buy companies, and-most importantly-split shares so the public can afford them. Like a bakery selling tiny cookies instead of giant cakes. šŖ
Lee argued that BitMineās share price has been dancing with ether since the company pivoted to make ETH its main treasure. If etherās price rockets to $250,000 (and Bitcoin hits $1 million), splits will be necessary. Because nothing says āaccessibleā like a share price so low, even a goldfish could buy it. š
Lee framed the proposal as part of a grand plan: Ethereum will rule Wall Streetās tokenized future. He even cited BlackRockās CEO, Larry Fink, whoās been whispering secrets about blockchain. š¤«
Lee reminded shareholders they have until Jan. 14 to voteā¦ and then a party in Las Vegas. May the odds be ever in your favorā¦ or at least in the companyās favor. š©š
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2026-01-02 20:46