If you don't trust a company's management and execution, you shouldn't hold its stock for the long term. It's advisable to find an opportunity to liquidate your position and continue searching for companies you trust.

Building conviction in the top leadership and management also requires long-term tracking and observation—watch what they say and what they do. I believe that since July 2024, the strategic framework Tom Lee has built for BMNR is excellent. Thanks to his years of experience in macroeconomic research, BMNR's financing structure and investment strategy are designed to weather cycles. For example, during bullish markets, it prioritizes rapid growth by accumulating coins at several times the speed of competitors. It also adopts a debt-free financing structure to account for potential market downturns.

Including this proposal to expand the equity financing quota, aside from preparing for a future stock split, I suspect Tom Lee is also getting ready for inclusion in the Nasdaq index. Currently, BMNR is listed on the NYSE, but Nasdaq introduced new rules last year requiring authorization for adding cryptocurrencies to the balance sheet. The proposal includes several parts, but the key impact on BMNR is that any financing dilution for cryptocurrencies must be authorized.

So this seemingly one-time quota application is a clever regulatory arbitrage: leveraging the NYSE's leniency to pass resolutions, enabling future exposure in the tech- and crypto-friendly Nasdaq market.

$BitMine Immersion Tech(BMNR.US)