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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...

Coinbase Appoints UK's Osborne as Advisor

The world of finance, much like the currents of history, is ever-changing. From the bustling trading floors of Wall Street to the rise of decentralized ledgers, innovation knows no bounds. It is within this dynamic landscape that Coinbase has appointed former UK Chancellor of the Exchequer, George Osborne, to its Global Advisory Council.

A Seasoned Hand at the Helm

Mr. Osborne’s tenure speaks for itself. His experience at the highest echelons of government, coupled with his keen understanding of international finance and fintech investing, brings an invaluable perspective to Coinbase. The firm’s expansion into the global market necessitates navigating complex regulatory landscapes, and Mr. Osborne’s insights will undoubtedly be instrumental in this endeavor.

A Testament to Blockchain’s Potential

Mr. Osborne’s optimism for blockchain technology is noteworthy. He recognizes its transformative potential, particularly in reshaping financial markets and online transactions. Coinbase, at the vanguard of this technological revolution, stands to benefit significantly from his guidance.

Coinbase’s decision to appoint Mr. Osborne comes at a critical juncture. As the company faces ongoing scrutiny from regulators, particularly within the United States, his experience and counsel will be paramount in navigating these challenges.

The path forward for Coinbase, and indeed for the broader crypto industry, is not without its obstacles. However, with strategic appointments like that of Mr. Osborne, Coinbase signals its commitment to engaging with regulators, fostering innovation, and building a future where digital assets play an integral role in the global financial system.

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