Investors push back on Tom Lee’s BitMine share expansion, citing dilution risk, weak guardrails, and misaligned incentives. Photo by BeInCrypto BitMine’s proposal to dramatically expand its authorized share count has sparked a growing backlash among shareholders, even as the company doubles down on Ethereum as its core treasury asset. While Tom Lee has framed the move as a long-term flexibility play rather than an immediate dilution event, a widening group of investors says the structure, timing, and ince ...