Overview
- BitMine announced a $200 million equity investment in Beast Industries with the transaction expected to close on or about January 19, 2026.
- Beast Industries says it will explore adding decentralized finance features to a forthcoming financial services product, following prior “MrBeast Financial” trademark filings.
- BitMine remains the largest corporate holder of ether with roughly 4.07–4.17 million ETH and plans to launch its Made-in-America Validator Network (MAVAN) in Q1 2026.
- At its shareholder meeting, Chairman Tom Lee projected more than $400 million in annual pre-tax income from staking BitMine’s ether holdings, while noting about $2.3 billion in unrealized losses since July.
- MrBeast’s network spans over 450 million subscribers and about 5 billion monthly views, and BitMine highlighted backing from investors including ARK’s Cathie Wood, Founders Fund, Bill Miller III, Pantera, Kraken, DCG and Galaxy Digital.