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Produced by Daniel Aharonoff & Mogul Media AI

Who Owns 5% of Ethereum? Bitmine's $16.4B Treasury Bet

One Company, 6 Million ETH: Crypto's Boldest Treasury Bet Co-produced by Daniel Aharonoff and DigitalDan Some weeks in crypto, the biggest story isn't a hack, a halving, or a headline-grabbing ETF launch. Sometimes it's a spreadsheet. This morning, Bitmine Immersion Technologies published its weekly holdings update, and the numbers are staggering enough to rearrange how you think about who actually owns Ethereum. As the chief editor of ethdan.me, I've spent years tracking whale wallets, ETF inflows, and protocol upgrades. But I've never seen a single public company sit on this much ETH. Six million coins. Nearly five percent of the entire supply. A projected $363 million a year in staking revenue alone. Let that sink in. What's the Big Deal? On Monday, October 5, Bitmine Immersion Technologies (NASDAQ: BMNR) announced that its Ethereum treasury has crossed 6 million ETH — 6,016,414 tokens to be exact, valued at $2,726 apiece for a total of roughly $16.4 bi...
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Produced by Daniel Aharonoff & Mogul Media AI

AltLayer's $100 Million Airdrop: Unveiling the Crypto Token Distribution

Airdrop season is in full swing, with the Ethereum ecosystem making headlines thanks to AltLayer's significant token distribution. The scaling protocol recently launched its ALT airdrop, offering over $100 million worth of tokens to eligible community members. ALT is now available for early AltLayer users and select ecosystem participants, with the token's value already seeing an 18% increase today, reaching around $0.327 according to CoinGecko. The initial drop of 300 million ALT tokens brings the total AltLayer airdrop value close to $100 million.

Key Points:

  • Airdrops like AltLayer's reward early users and contributors while decentralizing governance.
  • Recent sizable airdrops include Solana's Jito Protocol, Pyth Network, and Arbitrum gaming network Xai.
  • AltLayer's decentralized protocol allows Ethereum developers to deploy rollups and scaling options.
  • Nearly half a million wallets are eligible for the AltLayer airdrop, including AltLayer NFT owners and participants in pre-launch testing.

AltLayer's compatibility with existing scaling networks like Arbitrum, Optimism, and Polygon, as well as its "rollups as a service" feature, provide a versatile solution for developers looking to enhance scalability. The upcoming Jupter (JUP) airdrop on Solana is poised to benefit close to a million wallets, adding to the growing trend of airdrops within the crypto industry.

AltLayer's commitment to rewarding its community through airdrops highlights the importance of engaging early users and contributors. With technical differences impacting Celestia (TIA) holders' eligibility for the ALT airdrop, AltLayer continues to navigate the complexities of token distribution in the evolving crypto landscape.

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