Tom Lee, chairman of BitMine, proposes increasing authorized share count to 50 billion from 50 million due to Ether’s price impact. Lee predicts ETH could hit $250,000 if Bitcoin reaches $1 million, making BitMine shares unaffordable for retail investors. Shareholders express concerns over dilution. BitMine buys $98 million in ETH, crossing 4 million ETH in its treasury. Staking ETH for yield.

Read more at Cointelegraph: Tom Lee Makes Case for Raising Authorized Share Limit to 50 Billion