Bitmine receives investor support to increase share cap
According to Odaily, Ethereum treasury company Bitmine Immersion Technologies has received shareholder approval to expand its authorized shares, with the proposal receiving 81% approval. The company currently holds 4.203 million ETH (about 3.5% of the circulating supply), 193 BTC, and shares in Eightco Holdings valued at $22 million. In addition, it holds nearly $1 billion in cash. Bitmine has also staked approximately 1.83 million ETH, with a comprehensive Ethereum staking rate of 2.83%, and recently invested $200 million in Beast Industries, indicating its ETH accumulation and diversification strategy. (CoinDesk)
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