Cointelegraph••1 min read
BitMine Chairman Seeks 1,000x Increase in Authorized Shares to 50 Billion
The chairman of BitMine has proposed increasing the company's authorized shares by a factor of 1,000, bringing the total to 50 billion, according to a report. The primary reason for the proposal, according to Lee, is to strategically raise capital by having shares available for issuance. The development suggests a move to enhance the company's financial flexibility.
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