BitMine’s Share Sorcery: 50 Billion Shares or Bust!

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Finance

What to Know (and Why You Should Care): 🧙♂️

  • 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! 🪄
  • Lee assures everyone this isn’t a trick to dilute shares-it’s just a clever way to raise capital, make deals, and split shares like a baker splitting a cake. 🍰
  • Shareholders have until January 14 to vote… with the annual meeting in Las Vegas. Let’s hope the casino chips are as shiny as the promises! 🎰

Tom Lee, the mastermind behind BitMine Immersion, is waving a magic wand and saying, “Let’s make 50 billion shares the new normal!” 🧙♀️

In a start-of-the-year message, Lee declared, “We’re not issuing 50 billion shares-just setting a limit! It’s like buying a giant cake but only eating a slice. 🍰”

“This doesn’t mean we’re flooding the market with shares. That’s what we want the total max shares to be,” Lee said, while secretly plotting to turn shareholders into shareholders of a different kind. 🤡

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. 🍪

Lee argued that BitMine’s share price has been dancing with ether since the company pivoted to make ETH its main treasure. If ether’s price rockets to $250,000 (and Bitcoin hits $1 million), splits will be necessary. Because nothing says “accessible” like a share price so low, even a goldfish could buy it. 🐟

Lee framed the proposal as part of a grand plan: Ethereum will rule Wall Street’s tokenized future. He even cited BlackRock’s CEO, Larry Fink, who’s been whispering secrets about blockchain. 🤫

Lee reminded shareholders they have until Jan. 14 to vote… and then a party in Las Vegas. May the odds be ever in your favor… or at least in the company’s favor. 🎩🐇

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2026-01-02 20:46