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@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.
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@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.