Tom Lee discusses investing in Beast Industries: This is seen as a long-term ambitious goal related to Ethereum, DeFi, and tokenization.

ETH-0,19%

BlockBeats News, January 16 — At the BitMine shareholders' meeting, Chairman Tom Lee explained in detail the reasons for BitMine's $200 million investment in the well-known YouTuber MrBeast's Beast Industries:

MrBeast is the creator with the highest viewership worldwide; he shares core values with the BitMine team both at the corporate and personal levels;
BitMine has become the company's largest corporate and strategic investor;
This investment is seen as part of long-term ambitious goals related to Ethereum, DeFi, and tokenization.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

ETH Liquidation Cascade: $1.166B Short Squeeze at $2,420; $827M Long Liquidations Below $2,197

Coinglass data suggest ETH breaking above $2,420 could trigger $1.166B in short liquidations across major centralized exchanges, while a drop below $2,197 could total $827M in long liquidations.

GateNews3h ago

USDT supply hits fresh $188b ATH as Tether tightens grip on stablecoins

Tether CEO Paolo Ardoino says USDT supply has hit a record $188b, cementing the stablecoin's dominance as broader stablecoin liquidity sits near all-time highs. Summary Tether CEO Paolo Ardoino says USDT supply has reached a record $188 billion. The new peak comes weeks after stablecoins hit a

Cryptonews5h ago

ETH 8-Hour Average Funding Rate Turns Negative at -0.0016%

Summary: Ethereum funding rates are negative across major venues, with an 8-hour average of -0.0016%, indicating longs are paid by shorts; rates vary by platform, reflecting differing sentiment and leverage. Abstract: This brief summarizes negative Ethereum funding rates across major exchanges, indicating short sellers pay long positions. It also notes platform-level variations, reflecting differing market sentiment and leverage across venues.

GateNews5h ago

Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 21

Gate News message, according to the April 21 update, Bitcoin ETFs recorded a 1-day net inflow of 3,599 BTC (approximately $272.59 million) and a 7-day net inflow of 18,914 BTC (approximately $1.43 billion). Ethereum ETFs showed a 1-day net inflow of 34,380 ETH (approximately $79.25 million) and a 7-

GateNews5h ago

Charles Schwab to Launch Bitcoin and Ethereum Trading, Releases Educational Content on BTC

Charles Schwab plans to expand into crypto, offering Bitcoin education and direct BTC/ETH trading, allowing customers to buy Bitcoin in accounts; analysts call it a major mainstreaming moment. Schwab announces an expansion into cryptocurrency with Bitcoin education and direct BTC/ETH trading, enabling clients to hold Bitcoin in their accounts; analysts view this as a turning point toward mainstream adoption.

GateNews6h ago

Newly Created Wallet Withdraws 35,000 ETH Worth $80.7M from Major CEX, Deposits into BitGo Custody

A newly created wallet withdrew 35,000 ETH (about $80.7M) from a major exchange within two hours, then transferred the full amount to a BitGo custody address. Abstract: A new wallet moved 35,000 ETH (≈$80.7M) from a major exchange and deposited it into BitGo custody, per Lookonchain.

GateNews6h ago
Comment
0/400
No comments