CoinDesk Podcast Network Bitmine Gets the Green Light to Sell More Stock | CoinDesk Daily
Jan 21, 2026
Bitmine has received the green light to sell more shares, exciting possibilities for capital raising. However, the market reacts as stock prices dip, raising concerns over dilution among investors. The discussion highlights the growing maturity of bitcoin as a long-term asset, compared to its volatile tech counterparts. Additionally, gold is making waves by testing new highs, while Solana prepares for an intriguing mobile airdrop tied to its latest phone. A mix of caution and opportunity permeates the crypto landscape!
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Bitmine Clears Way To Raise Capital
- Bitmine won shareholder approval to increase authorized shares to raise capital or buy more Ether.
- Executives promised not to issue shares below market net asset value to address dilution fears.
Market Drop Heightens Dilution Worries
- BM&R shares fell 8% while Ether dropped below $3,000, amplifying dilution concerns.
- The move coincided with a broader crypto price pullback affecting company valuation dynamics.
Bitcoin Versus Gold: A Structural Shift
- Bitcoin slid below $88,000 as geopolitical risk pushed investors toward gold.
- Philip Bakazi said this marks a shift from Bitcoin's venture phase to a more institutional, stable era.