BitMine Major Gathering: Ethereum and OpenAI Heavyweights Attend Shareholders' Meeting

ResearchChadButBroke · 2026-01-19T09:30:15+00:00

The upcoming shareholder meeting of BitMine has attracted attention, with Ethereum founder Vitalik Buterin and OpenAI CEO Sam Altman confirmed to attend. The meeting will discuss the share authorization plan, which aims to increase shares from 500 million to 50 billion to support future expansion. Meanwhile, CEO Tom Lee has promised to issue stocks not below net asset value, aiming to dispel investors' concerns about equity dilution. Future focus will be on diversified growth, with potential acquisitions of other crypto companies.

ResearchChadButBroke

2026-01-19 09:30:15

Abstract generation in progress

BitMine’s shareholder meeting is quite explosive — Ethereum founder Vitalik Buterin and OpenAI CEO Sam Altman confirmed they will personally attend the annual meeting on January 15th. The presence of two heavyweight figures in the crypto and AI fields at the same time makes this lineup worth pondering.

Core Topic: The Ambition Behind the 50 Billion Share Authorization

The focus of this meeting is the vote on the share authorization plan — BitMine plans to significantly expand the authorized shares from 500 million to 50 billion. Chairman Tom Lee candidly stated in an interview: Without approval of this proposal, the company cannot issue new shares to acquire more Ethereum assets or advance acquisition plans.

In simple terms, this is a reserve of ammunition for future expansion.

Addressing Concerns About Equity Dilution

Regarding investors’ biggest concern about equity dilution, Tom Lee provided reassurance — the company has a principle: never issue shares at a price below net asset value. This promise sounds very firm, but will investors believe it? The real question depends on how the subsequent issuance price is set.

2026 Ambition: From Staking Income to Diversified Growth

BitMine will unveil its development roadmap for 2026 at the meeting, with a core shift to break free from reliance on staking income and explore new growth drivers. Even more exciting, the company revealed that it might acquire other crypto treasury companies in the future, indicating a strong desire for expansion.

From Ethereum holders upgrading to crypto asset integrators, BitMine’s imagination space is expanding.

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