BitMine Bypasses Shareholder Approval for NYSE Share Issuance, Integrating Crypto in Capital Markets

BitMine Immersion Technologies, Inc. has taken a bold step by waiving shareholder approval for its recent NYSE American share issuance, using innovative methods to access capital. This move involves utilizing ETH and BTC for equity purchases, reflecting a shift towards incorporating cryptocurrencies into traditional finance systems. The company bypassed typical shareholder input, employing shelf registration and ATM offerings, which streamlined the process and facilitated capital access.