Lee warned that sharp ETH rallies could push BitMine’s share price to levels that hinder trading. He outlined scenarios where Ethereum at $22,000 could drive the stock near $500. At ETH prices above $60,000, he projected shares could approach $1,500.
Such price levels, Lee said, could limit accessibility for retail investors. He noted that many investors prefer share prices closer to $25. Stock splits would help keep prices within a more liquid range.
By expanding authorized shares, BitMine could execute splits more easily. This approach would allow adjustments without repeated shareholder approvals. The strategy aims to align trading dynamics with Ethereum-driven valuation growth.
For crypto-focused equity investors, the situation raises a key question: does BitMine’s Ethereum-heavy balance sheet justify treating the stock as a leveraged proxy for ETH? If ether prices rise sharply, BitMine’s valuation could expand rapidly. That scenario would likely make equity restructuring unavoidable.
The upcoming voting session will determine whether shareholders grant management that flexibility. Approval would not change share counts immediately. Instead, it would shape how BitMine manages its equity as crypto markets evolve.
BitMine has stated that it views Ethereum as the future of finance. The company cited growing Wall Street interest in blockchain-based tokenization.It referenced comments from BlackRock CEO Larry Fink, who described tokenization as the next phase of global markets.
According to BitMine, most tokenization activity currently occurs on Ethereum. That belief continues to anchor the company’s treasury strategy. As Ethereum prices fluctuate, BitMine’s stock remains closely tied to the asset’s trajectory.
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