Ethereum’s $200M Bet on MrBeast: Genius or Genius?

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Oh, the drama! 🎉 Ethereum treasury company Bitmine has just dropped a $200 million bombshell into Beast Industries, the empire of MrBeast. Because nothing says “financial stability” like investing in a guy who turns $100,000 into a giant cake. 🍰💸

Bitmine Is Making An Investment In MrBeast-Owned Firm

According to a press release that’s probably written in emojis, Bitmine Immersion Technologies is throwing $200 million at Beast Industries. The deal closes around January 19th-because why rush when you can wait for the perfect meme? 📅😂

Originally a crypto mining company, Bitmine now claims to be an Ethereum treasury titan. Since mid-2025, they’ve been hoarding ETH like it’s the last bagel in the store. 🥯💰 Now they’re diversifying… into a company run by a guy who once paid someone to jump into a pool of money. 💸

MrBeast, the YouTube king with 460 million subscribers, is basically the Beyoncé of content creators. Bitmine’s chairman, Tom Lee, says he’s “the leading content creator of our generation.” Sure, because nothing says “genius” like making videos where you give away millions. 🎥💸

In December, Beast Industries launched a financial services platform. Now, with Bitmine’s cash, they’re hinting at a DeFi collaboration. Because what could go wrong? 🤯

Housenbold, Beast Industries’ CEO, said, “Their support validates our vision!” Because nothing says “vision” like a $200 million check from a company that’s still 1.3% away from its 5% Ethereum goal. 🧮

Bitmine’s Ethereum stash is now 4.17 million ETH-3.45% of the total supply. Close, but not close enough. And their share increase proposal? It requires 50.1% of shares to pass. Because why have a democracy when you can have a dictatorship of shareholders? 🧠

Ethereum’s price just jumped 7% to $3,300. Because nothing says “confidence” like a 7% bump after a $200 million investment. 📈

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2026-01-16 13:14