Investors are pushing back on Tom Lee’s BitMine share expansion, concerned about dilution risk, weak governance, and misaligned incentives, as the company focuses on Ethereum. Critics question the need to authorize 50 billion shares, removing governance safeguards and rewarding scale over per-share value in executive compensation. Dilution concerns rise as BitMine no longer trades at a premium to NAV, prompting debate among shareholders about the best course of action.

Read more at Yahoo Finance: 5 Arguments Dismantling Tom Lee’s Case for BitMine’s Share Expansion