BitMine Plans to Expand Shares to 50 Billion, Stock Rises 14%
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 03 2026- Share Expansion Proposal: Chairman Tom Lee's proposal to increase authorized shares from 500 million to 50 billion triggered a strong market reaction, with BitMine's stock rising 14% to $30.93 by 2:48 p.m., reflecting investor confidence in the company's growth potential.
- Capital Market Flexibility: The proposal aims to avoid immediate dilution while creating room for future capital market actions and potential acquisitions, ensuring the company is not structurally limited during rapid valuation growth, thereby enhancing long-term planning capabilities.
- Ethereum Price Correlation: Lee noted that BitMine's stock closely mirrors Ethereum prices, projecting that if Ethereum reaches $62,500, the stock could approach $1,500, highlighting the company's unique position and potential volatility in the cryptocurrency market.
- Market Impact: This share expansion proposal reflects how cryptocurrency reshapes corporate finance strategies, as BitMine uses expanded share authorization to manage liquidity and affordability while preparing for future acquisition opportunities, demonstrating the company's adaptability to the crypto market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
