Mentioned:
The biggest publicly traded company in the world focused on accumulating Ethereum has a new ambition: backing MrBeast.
What’s happening:
- BitMine Immersion Technologies (NYSE: BMNR) has made a $200M USD equity investment into Beast Industries
Why it matters:
- Beast Industries is the holding company founded by highly popular content creator MrBeast that has ownership stakes across his multiple brands, merchandise and digital media platforms
Going deeper:
- Beast Industries has multiple notable angel investors and venture capital funds as backers including Chamath Palihapitiya, Reddit (NYSE: RDDT) co-founder Alexis Ohanian and investment company Alpha Wave Global
- BitMine Immersion Technologies is currently the largest holder of Ethereum amongst all publicly traded companies in the world and owns more than 3% of the total Ethereum supply
