5 Arguments Dismantling Tom Lee’s Case for BitMine’s Share Expansion

BitMine’s proposal to dramatically expand its authorized share count has sparked a growing backlash among shareholders, even as the company doubles down on Ethereum as its core treasury asset. While Tom Lee has framed the move as a long-term flexibility play rather than an immediate dilution event, a widening group of investors says the structure, timing, and incentives raise uncomfortable questions. 5 Reasons Tom Lee’s BitMine Strategy Isn’t Winning Fans Tom Lee’s push to expand BitMine’s authorized share count was intended to reinforce the company’s long-term conviction in Ethereum. Instead, it has exposed a growing rift amidst fears that the proposal weakens governance just as dilution risks are rising source: https://beincrypto.com/bitmine-shareholder-dilution-proposal-analysis/