BitMine chairman proposes 1,000x increase in company's authorized shares, to 50B
BitMine's chairman has proposed a significant increase in the company's authorized shares, suggesting a rise from the current level to 50 billion shares, which represents a 1,000-fold increase. This move is aimed at providing the company with greater flexibility for future financing and strategic initiatives. The proposal is set to be voted on by shareholders in an upcoming meeting. If approved, the increase could facilitate potential investments and partnerships, aligning with BitMine's growth strategy in the cryptocurrency sector.
Read the full article: Coin Telegraph