TechFlow reported on January 12 that, according to CoinDesk, Thomas Lee, Chairman of BitMine, an Ethereum treasury company, said Monday that BitMine's ability to continue accumulating ETH depends on whether shareholders approve the issuance of new shares. Without approval, the company may be forced to slow down its purchase pace in the coming weeks. Lee explained, "BitMine is nearing the exhaustion of its current authorized 500 million shares, at which point our ETH accumulation will slow." The related shareholder vote will take place this Thursday, and the proposal requires support from 50.1% of outstanding shares to pass.
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