BitMine proposes a 50B share increase as the stock soars

**BitMine Chairman Proposes Massive Share Increase Amid ETH Price Surge**

Tom Lee, the chairman of BitMine Immersion Technologies, has urged shareholders to consider a proposal to increase the company’s total number of authorized shares from 50 million to 50 billion. According to Lee, this change may be essential for future stock splits, as Ether’s price significantly impacts BitMine’s valuation.

Lee noted that BitMine’s share price has been closely tracking Ether’s price movements. To better forecast future values, he has been carefully monitoring the ETH/Bitcoin ratio. Based on his analysis, if Bitcoin (BTC) were to reach an unlikely peak of $1 million, Ether (ETH) could hit an all-time high of $250,000. At such a level, Lee asserted this surge would push BitMine’s share price to unprecedented heights, potentially making shares unattainable for many retail investors.

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### Commitment to Increasing Share Count

BitMine originally launched in 2025 as a Bitcoin mining and holding company. However, after strategic reassessment, it shifted focus towards an Ethereum treasury strategy, although it continues some Bitcoin-related operations.

Discussing his prediction, Lee stated that if ETH reached $250,000, BitMine shares might trade at an implied price of around $5,000 each—a price point considered expensive for many everyday investors. Lee emphasized that not everyone wants shares priced at hundreds or thousands of dollars; rather, many prefer shares priced closer to $25.

With this in mind, Lee acknowledged that a significant stock split would be required to keep shares affordable. Specifically, if ETH attains $250,000, BitMine would need to execute approximately a 100-for-1 stock split to maintain a share price near $25. This move would increase the total number of outstanding shares to roughly 43 billion.

In a statement, Lee explained, “Right now, there are 426 million shares available. We aim to increase the authorized share count to 50 billion. However, that doesn’t mean we will actually create 50 billion shares; that’s just the highest number we want.”

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### Addressing Unit Bias

Lee’s proposal also targets the issue of unit bias—a psychological tendency among investors to prefer owning whole units of an asset (like an entire share or coin) over fractional units. Investors often equate a lower price per share with better value, even when the total investment is equivalent or when fractional ownership might be more advantageous.

By increasing the authorized shares and enabling stock splits, BitMine aims to price shares within a range more comfortable and accessible for a broader investor base.

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### Mixed Reactions and Criticism

Despite Lee’s rationale, his proposal has met with criticism. Several users expressed concerns on social media platform X, arguing that increasing the authorized share limit could lead to stock dilution and potentially harm shareholder value.

One user commented, “Tom, this seems shady and silly to raise the share count just because the stock could hit $500. You should wait until next year when it’s not in such bad shape.”

The debate sparked significant controversy within the crypto community, reflecting differing opinions on how to manage BitMine’s evolving valuation and share structure.

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### BitMine’s Growing ETH Treasury

Amid the debate, BitMine continues to strengthen its Ethereum holdings. Reports revealed that the firm purchased approximately 32,938 ETH on Tuesday of this week at a cost exceeding $102 million, based on current market prices.

Notably, as of December 2025, BitMine’s ETH treasury had expanded to more than 4 million ETH, valued at over $12 billion. The company has also begun staking its ETH to generate additional income streams.

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https://bitcoinethereumnews.com/finance/bitmine-proposes-a-50b-share-increase-as-the-stock-soars/

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