BitMine Increases ETH Holdings by 317,000 Coins in One Week, Total Holdings Surpass $4.96 Billion, Making It the World's Third-Largest HODLer
On August 11th, as per prnewswire, the US stock Ethereum strategy firm BitMine Immersion Technologies (stock code: BMNR) announced today that its holdings of Ethereum (ETH) have exceeded $4.96 billion. As of 10:59 PM EST on August 10th, the company holds 1,150,263 ETH (with a price of $4,311 per unit, data sourced from Bloomberg), thus becoming the world's largest entity in terms of ETH reserves.
The company stated that since commencing the ETH reserve strategy on June 30th (with the delivery completed on July 8th), BitMine has achieved several significant breakthroughs within five weeks: not only establishing the world's largest ETH reserve but also rising to become the world's third-largest crypto asset holder with a total encrypted asset size of over $49.8 billion, second only to MicroStrategy and Mara Blockchain.
Thomas "Tom" Lee, the chairman of the BitMine Board of Directors and a Fundstrat analyst, known as the "Ethereum Bull Leader" of this bull market, stated: "The company i
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Tether-Backed Rumble Intends to Acquire High-Performance Computing Solution Provider Northern Data for $1.17 Billion
August 11th. As per The Block, the renowned video sharing platform and cloud service provider, Rumble, announced on Monday that it intends to acquire the Bitcoin miner and high-performance computing expert, Northern Data company, in a potential deal worth 1 billion euros (1.17 billion US dollars).
Under the all-stock transaction structure, Northern Data shareholders can swap each share for 2.319 shares of the newly issued Rumble Class A shares. Once all shares are fully delivered, Northern Data shareholders will jointly hold approximately 33.3% of Rumble's equity. Given that stablecoin giant Tether holds 54% of Northern Data as the controlling shareholder, it has shown support for the transaction and pledged to sign a multi-year GPU purchase agreement after the deal is completed. Based on the same exchange ratio, Tether will become the largest single shareholder of Rumble Class A common shares.
In December 2023, the world's largest stablecoin issuer, Tether, injected $775 million int
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ALT5 Sigma $1.5 Billion Funding Details: World Liberty subscribes to half of the shares in exchange for WLFI tokens, and Eric Trump, son of former US President Donald Trump, joins the board
On August 11th, according to the "investing" report, the fintech company ALT5 Sigma (Nasdaq: ALTS) has reached an agreement to sell 2 billion shares of common stock at a price of $7.50 per share through a registered direct offering and a concurrent private placement, raising a total of $15 billion.
ALT5 Sigma declared that World Liberty Financial is the main investor in this private placement and will subscribe for 1 billion shares in exchange for WLFI tokens. The registered direct offering will sell 1 billion shares to institutional investors and cryptocurrency venture capital funds.
The transaction is expected to be completed on August 12, 2025. At that time, ALT5 will launch the WLFI Financial Initiative and hold approximately 7.5% of the total WLFI token supply. The company plans to use the raised funds for acquiring WLFI tokens, establishing a cryptocurrency financial operation system, resolving litigation, repaying existing debts, and supporting business operations.
This finan
5 minutes ago
A Whale Address Sent 224,000 LINK to Binance at a Loss
On August 11th, as monitored by Onchain Lens, a whale address deposited 224,211 LINK tokens (valued at $4.86 million) into Binance. If these tokens were to be sold, there could potentially be a loss of $603,000.
Initially, this whale had withdrawn 263,930 LINK tokens from Binance more than 8 months ago. At that time, these tokens were worth $6.31 million. Currently, the whale still holds 39,720 LINK tokens, which are worth $854,000.
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After WLFI Treasury News Lands, ALT5Sigma (ALTS) Price Sees 12.93% Pre-market Drop
On August 11th, based on rockflow data, since the news of "ALT5 Sigma Secures $1.5 Billion Financing to Launch WLFI Treasury" was announced, the stock price of ALT5 Sigma (ALTS) in the US pre-market trading fell by 12.93% and is now trading at $7.81.
Before this, the company's stock had increased by approximately 50% in the 6 trading days starting from August 1st.
5 minutes ago
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