BitMine’s Bold Move: Proposes 50B Share Increase as Stock Skyrockets

BitMine just dropped a bombshell—a proposal to flood the market with 50 billion new shares. The timing? Impeccable. The stock's already on a tear, and now they're looking to capitalize on the momentum. It's the kind of move that makes traders' hearts race and skeptics' eyebrows arch.

The Dilution Playbook

Let's cut through the corporate speak. A share increase of this magnitude isn't just a routine administrative update. It's a strategic power move. The company is building a war chest, plain and simple. They're betting that investor appetite is strong enough to swallow significant dilution without choking. It's a high-stakes gamble on their own perceived value.

Fueling the Ascent

Why now? The stock's parabolic rise creates a perfect window. Issuing shares at elevated prices means more capital per share sold. It's textbook finance: sell high. The proposed 50 billion share increase provides the dry powder for aggressive expansion, acquisitions, or simply fortifying the balance sheet against future volatility. They're not just riding the wave; they're trying to harness its energy.

A Calculated Risk

This isn't without its perils. Massive dilution can spook existing shareholders if they feel their slice of the pie is shrinking too fast. The market's reaction will be the ultimate litmus test—does the promise of future growth outweigh the immediate dilution? It's a classic clash between short-term pain and long-term ambition.

One can't help but admire the audacity—or question the desperation. It's either a masterstroke to fund a generational opportunity or a clever way to cash in while the getting's good. In finance, the line between visionary and opportunistic is often drawn in hindsight. For now, BitMine is making sure everyone's paying attention.

Lee demonstrates a strong commitment to increasing the total number of BitMine’s shares

In 2025, BitMine started as a Bitcoin mining and holding firm. Later, after careful consideration, the company shifted its focus to embracing an ETH treasury strategy. However, sources pointed out that BitMine continues to conduct some Bitcoin operations. 

Regarding his prediction, Lee declared that if ETH attained a peak of $250,000, BitMine shares could encounter an implied cost of approximately $5,000 each. Reports stated that this price is costly for several regular investors. To support this claim, the chairman mentioned that not everyone desires stocks to be priced at $500, $1,500, or $5,000; instead, a large group of individuals wants shares to be priced around $25.

Meanwhile, apart from this finding, Lee also acknowledged that if ETH reaches an all-time high of $250,000, BitMine would be required to carry out a 100:1 stock split to maintain the share price at $25. With the MOVE in place, the firm’s shares are expected to increase the total number to 43 billion.

In a statement, Lee mentioned, “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.” 

Reports highlighted that Lee is referring to the unit bias issue. Unit bias, in the basis of finance,  is the psychological tendency for investors to prefer owning whole units of an asset (like a whole bitcoin or share) over fractions, or to equate a low price per unit with better value, even when the total investment value is the same or a fractional amount of a pricier asset is a better investment. 

Lee’s idea faces criticism 

Regarding Lee’s proposal to increase the total number of BitMine’s shares, reports pointed out that several users shared negative responses to this suggestion on X.  Some argued that it is unwise to raise the limit of authorized shares because this act would dilute the stock.

This discussion made headlines, sparking controversy among individuals in the crypto ecosystem. One user remarked, “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.”

Nonetheless, despite these concerns, recent reports highlighted that BitMine purchased approximately 32,938 ETH on Tuesday of this week for more than $102 million, based on current prices. Notably, as of December 2025, BitMine’s treasury had expanded to more than 4 million ETH, valued at over $12 billion. The firm also began staking ETH to generate income.

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