Bitmine, the largest corporate holder of ether, has been approved for a share count increase. The company has been actively buying ether, with its holdings reportedly surpassing 4.2 million ETH, and other major investors have also been adding to their exposure in Bitmine. However, the value of Bitmine's ether holdings has taken a significant hit, with estimated paper losses nearing $9 billion due to a slump in ether's value.