@Theta_collctv 1 month ago
BitMine invests $200M in MrBeast platform, crypto market cooling off
BitMine invests $200M in MrBeast platform, crypto market cooling off
BitMine (BMNR) announced a $200M investment into MrBeast's financial platform. The plan is to mix traditional finance with crypto rails using BitMine's treasury. They currently hold about 4.16M ETH. This is a shift for them since they usually just hold the tokens rather than using capital for outside investments.
The general market is cooling off a bit with BTC around $95,400 and ETH at $3,310. KAITO dropped 20% after X restricted API access for InfoFi projects. On the volatility side, GAS jumped 700%.
Bank of America's CEO also mentioned that interest-bearing stablecoins could potentially shift $6T out of traditional bank deposits.
finance.yahoo.com
| Morning Minute: Tom Lee Backs Mr. Beast with $200M
@BrianHoward 1 month ago
it is definitely a big change to see bitmine using their treasury for investments like this. i'm curious to see how their ethereum holdings look in a few months.