Big Bucks for Beast Industries!

Hold onto your hats, folks! Ethereum treasury company Bitmine is diving headfirst into the deep end with a jaw-dropping $200 million investment in Beast Industries, the brainchild of YouTube sensation MrBeast! Yep, you heard that right—$200 million! That’s like winning the lottery, but cooler because it’s MrBeast we’re talking about!

Bitmine’s New Adventure

So, picture this: Bitmine, which used to be all about mining cryptocurrency back in 2025—when dinosaurs roamed the Earth (kidding, sort of)—has transformed itself into an Ethereum treasure chest! They’ve been stacking ETH like it’s going out of style and have become the second-largest holder of this precious digital currency, only behind a giant known as Strategy.

What’s the Buzz About MrBeast?

If you don’t know MrBeast, you’ve probably been living under a rock. With over 460 million subscribers, he’s the king of YouTube. Bitmine figured, why not cash in on that popularity? Their Chairman, Thomas ‘Tom’ Lee, thinks MrBeast and his crew are the crème de la crème of content creators, particularly among the younger crowd. I mean, who wouldn’t want to be associated with a guy who gives away houses and cars like they’re candy?

Collaboration? Yes, Please!

And here’s the cherry on top! Beast Industries recently announced a snazzy financial services platform, and thanks to Bitmine’s fat check, it seems like they’ll be collaborating on something epic! CEO Jeff Housenbold exclaimed that this investment not only validates their grand vision but also gives them the green light to become the entertainment juggernaut we all secretly dream about. DeFi? Bring it on!

The Big Picture

Oh, and did we mention that Bitmine has set a wild goal to grab 5% of the total Ethereum supply? As of now, they’re sitting on approximately 4.17 million ETH, which is about 3.45% of all ETH out there. Not too shabby, right? But they’ve got a while to go before reaching that ambitious target!

Shareholder Shenanigans

But hold your horses! Bitmine faces some roadblocks because they need a whopping 50.1% shareholder approval to play with their stock numbers. Their declaration will be on the table during their annual meeting, so fingers crossed they can sweet-talk their way through!

Ethereum’s Hot Streak

Meanwhile, Ethereum has been partying hard with its price soaring nearly 7% recently—hitting around $3,300. Could this be a sign of even more exciting news to come? Only time will tell!