BitMine: To Slow Down ETH Accumulation Without Shareholder Approval

2026-01-13 by admin

Deep Tide TechFlow news, January 12, according to CoinDesk, BitMine, an Ethereum treasury company, chairman Thomas Lee said on Monday that BitMine’s ability to continue accumulating ETH depends on shareholder approval for issuing new shares. Without approval, the company may be forced to slow down its purchasing pace in the coming weeks. Lee explained: “BitMine is about to exhaust its current authorization of 500 million shares, at which point our ETH accumulation will slow down.” The relevant shareholder vote will be held this Thursday, and the proposal requires support from 50.1% of the issued shares to pass.

Deep Tide TechFlow news, January 12, according to CoinDesk, BitMine, an Ethereum treasury company, chairman Thomas Lee said on Monday that BitMine's ability to continue accumulating ETH depends on shareholder approval for issuing new shares. Without approval, the company may be forced to slow down its purchasing pace in the coming weeks. Lee explained: "BitMine is about to exhaust its current authorization of 500 million shares, at which point our ETH accumulation will slow down." The relevant shareholder vote will be held this Thursday, and the proposal requires support from 50.1% of the issued shares to pass.

PANews reported on January 13th that, according to Jinshi News, New York Federal Reserve President Williams predicted on Monday that the US economy will remain healthy in 2026 and hinted that there is no reason for interest rate cuts in the near term. Williams stated that the FOMC has pushed monetary policy further from a dovish and restrictive stance to a near-neutral level, and that "current monetary policy is well-positioned to support labor market stability and push inflation back to the 2% target." Williams said that while the Fed is pulling inflation back to the 2% target, it is crucial to "avoid creating unnecessary risks to the labor market." He added, "In recent months, downside risks to employment have increased as the labor market has cooled, while upside risks to inflation have diminished." Williams expects GDP growth this year to be between 2.5% and 2.75%, with the unemployment rate stabilizing this year and declining in the following years. Regarding inflation, he expects price pressures to peak between 2.75% and 3% in the first half of this year, averaging down to 2.5% for the year, and returning to 2% in 2027.