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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...

Unveiling the Inspiring Journey of Lionel Messi in Bitget's "MakeItCount 2024" Film

Bitget, the world's leading cryptocurrency exchange and Web 3 company, has launched a new brand film featuring the iconic footballer Lionel Messi to mark the beginning of their second-year partnership, continuing the theme of "MakeItCount." This campaign is designed to inspire individuals to surpass their limits, seize opportunities, and turn challenges into stepping stones towards success. The new "MakeItCount 2024" film embodies the core values shared by Bitget and Messi, emphasizing perseverance, continuous progress, and a positive mindset in the face of adversity. The film beautifully illustrates Messi's journey from his humble beginnings, overcoming obstacles to become the greatest footballer of all time through unwavering determination and goal-oriented focus. Bitget aligns with Messi's ethos by emphasizing the importance of daily incremental improvements, culminating in their rise as one of the top 5 crypto exchanges despite starting as an unknown platform during the crypto winter.

Key Points from Gracy Chen, Managing Director at Bitget:

  • Both Messi's story and Bitget's growth underscore the fact that greatness is not achieved overnight but through persistent determination and dedication to making every moment count.
  • The "MakeItCount Campaign" in 2024 aims to inspire individuals across various industries, urging them to strive for excellence as no dream is too big to accomplish.
  • Bitget is excited to partner with Messi in bringing crypto to a broader global audience and driving the mass adoption of crypto and blockchain technology.

To commemorate the release of the new Messi film, Bitget will be hosting a platform-wide competition from January 23 to January 30, offering a prize pool of US$20,000 worth of BGB, Bitget's native token, along with tickets to Inter Miami matches at the DRV PNK Stadium. Additionally, following the launch of the Messi film, Bitget has outlined plans to organize on-ground Football Challenge events in emerging markets such as LATAM, SEA, and Turkey, where local communities exhibit a profound passion for football. This initiative aims to further engage with these communities and strengthen Bitget's presence in these regions.

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