Bitmine Chairman Tom Lee urges shareholders to vote in favor of Proposal 2 to increase authorized shares and warns that the company's current 500 million authorized shares are about to be exhausted. If the proposal is not approved, the accumulation rate of ETH will slow down. The company announced that its total holdings of cryptocurrencies, cash, and "ultra-fast" projects amount to $14 billion, including 4.168 million ETH tokens, accounting for 3.45% of the total ETH supply. Bitmine currently has 125,608.3 ETH pledged, and its MAVAN pledge solution is expected to go live in the first quarter of 2026.
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Bitmine Chairman Tom Lee urges shareholders to vote in favor of Proposal 2 to increase authorized shares and warns that the company's current 500 million authorized shares are about to be exhausted. If the proposal is not approved, the accumulation rate of ETH will slow down. The company announced that its total holdings of cryptocurrencies, cash, and "ultra-fast" projects amount to $14 billion, including 4.168 million ETH tokens, accounting for 3.45% of the total ETH supply. Bitmine currently has 125,608.3 ETH pledged, and its MAVAN pledge solution is expected to go live in the first quarter of 2026.