Interesting news coming—Bitmine Chairman Tom Lee recently announced that they want to continue increasing their Ethereum holdings, but whether they can keep buying depends entirely on whether shareholders approve the company's issuance of new shares.

The current situation is as follows: the company's authorized limit of 500 million shares is about to be exhausted. If the shareholder vote does not pass, Bitmine's ETH purchasing efforts will have to be halted in the coming weeks. A vote is scheduled for Thursday, requiring a 50.1% approval rate of circulating shares to pass.

Lee candidly stated that this threshold is ridiculously high, and increasing the authorized shares is no small feat. This actually reflects the attitude of major institutions towards Ethereum in the current market—wanting to buy more but also needing to see the clear financial picture.