The leadership of BitMine Immersion urges shareholders to approve a key proposal in the New Year message — to expand the authorized shares from 500 million to 50 billion. This move is primarily aimed at providing sufficient flexibility for future financing and M&A activities. Expanding the authorized shares is a common approach used by many tech and crypto companies to accelerate capital operations. By increasing the authorized shares, the company can avoid frequent shareholder meetings when quick financing or strategic acquisitions are needed, significantly improving efficiency. Behind this proposal reflects the company's positive planning for future development — whether it is introducing new investors or expanding market share through acquisitions, such flexibility is necessary. For shareholders who are optimistic about the company's long-term prospects, this is often seen as a sign of management's confidence.
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DataBartender
· 01-05 15:17
10x share issuance authorization? How bold do you have to be? Are the management truly confident or just smoke and mirrors?
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ResearchChadButBroke
· 01-03 20:27
10x expansion authorized shares, this tactic is old-fashioned, a typical "we need to raise money" signal.
Wait, 50 billion shares? That's quite a heavy dilution, long-term holders should be cautious.
It's both mergers and acquisitions and financing, feels like they're just telling stories, let's see what they do next.
But to be honest, how can you operate without authorized shares? That's indeed a standard move.
The management's New Year message is hinting at big moves, are you ready?
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JustAnotherWallet
· 01-03 12:04
They're diluting shares again. I've seen this trick way too many times.
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FlyingLeek
· 01-02 21:54
50 billion authorized shares? That's such a heavy dilution, I need to see how they plan to use it later.
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VirtualRichDream
· 01-02 21:43
Diluting equity again, classic move.
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NftMetaversePainter
· 01-02 21:26
tbh this authorized share dilution play feels like they're just prepping for the inevitable dump... 500B shares? that's not flexibility, that's a blank check for financial engineering lmao
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LiquiditySurfer
· 01-02 21:25
10x expansion of authorized shares? This is paving the way for future financing, but you also need to be cautious of dilution risks.
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EthMaximalist
· 01-02 21:25
50 billion shares authorized? This move is really big, or are you worried about dilution?
The leadership of BitMine Immersion urges shareholders to approve a key proposal in the New Year message — to expand the authorized shares from 500 million to 50 billion. This move is primarily aimed at providing sufficient flexibility for future financing and M&A activities. Expanding the authorized shares is a common approach used by many tech and crypto companies to accelerate capital operations. By increasing the authorized shares, the company can avoid frequent shareholder meetings when quick financing or strategic acquisitions are needed, significantly improving efficiency. Behind this proposal reflects the company's positive planning for future development — whether it is introducing new investors or expanding market share through acquisitions, such flexibility is necessary. For shareholders who are optimistic about the company's long-term prospects, this is often seen as a sign of management's confidence.