Deep Tide TechFlow News, January 12 — According to CoinDesk, Thomas Lee, Chairman of Ethereum Treasury Company BitMine, stated on Monday that BitMine's ability to continue accumulating ETH depends on whether shareholders approve the issuance of new shares. Without approval, the company may be forced to slow down its purchasing pace in the coming weeks. Lee explained, "BitMine is about to exhaust the current authorization of 500 million shares, at which point our ETH accumulation will slow down." The related shareholder vote will be held this Thursday, and the proposal requires support from 50.1% of the issued shares to pass.
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Deep Tide TechFlow News, January 12 — According to CoinDesk, Thomas Lee, Chairman of Ethereum Treasury Company BitMine, stated on Monday that BitMine's ability to continue accumulating ETH depends on whether shareholders approve the issuance of new shares. Without approval, the company may be forced to slow down its purchasing pace in the coming weeks. Lee explained, "BitMine is about to exhaust the current authorization of 500 million shares, at which point our ETH accumulation will slow down." The related shareholder vote will be held this Thursday, and the proposal requires support from 50.1% of the issued shares to pass.