BitMine invests $200 million into YouTuber MrBeast

Ethereum treasury and staking company BitMine (NYSE: BMNR) announced Thursday a $200 million equity investment in Beast Industries – the media company of famed YouTuber MrBeast – alongside an updated corporate strategy to acquire 5% of the Ethereum network supply. BitMine will become the largest strategic corporate investor in Beast Industries through this transaction, the company said. The deal is expected to close on or around January 19. BitMine Chairman Tom Lee cited Beast Industries’ reach with Mil ...