Wall Street legend asks shareholders to approve huge equity expansion
Wall Street legend Thomas "Tom" Lee released a video on Jan. 2 in which he asked the shareholders of BitMine Immersion Technologies (NYSE: BMNR) to approve a 100-fold increase in authorized shares ahead of the Jan. 14 deadline. The company will increase the number of authorized shares from 500 million to 50 billion if the shareholders approve the proposal. Related: Crypto analyst warns of 50% drop for Ethereum in 'worst-case scenario' Understanding Bitmine's business model Bitmine Immersion is a popula ...