British Oil and Gas Company Downplays Bitcoin Mining Rumors, Emphasizes Priority to Safeguard National Energy Supply
Reabold Resources, a UK oil and gas firm, released a clarification on April 20 addressing weekend media reports that it was prioritizing Bitcoin mining at its natural gas field over boosting the UK’s energy supply.
The firm noted its West Newton gas field in Yorkshire will keep prioritizing the UK’s energy security. At the same time, it is exploring small-scale power generation to mine Bitcoin with initial gas output from the field. This, however, is meant to prove the feasibility of building an on-site gas-powered data center to lay the groundwork for future large-scale projects.
The firm stressed this move doesn’t rule out eventually connecting the gas to the national grid or supplying industrial users. Earlier reports claimed the field could theoretically mine 50,000 Bitcoins, but the firm has not confirmed a timeline or equipment plans.
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Binance: Platform and User Assets Not Affected by Vercel Security Incident
On April 20, Binance issued an official notice on social media regarding a Vercel frontend platform security incident and supply chain security risks.
The Binance security team immediately launched an emergency response, conducted a full risk assessment of frontend products across the Binance ecosystem, and directly contacted Vercel for verification.
It was confirmed that the Binance platform and user assets were not impacted by the incident.
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This week, both Strategy and Bitmine have reached their highest levels of the year in terms of holdings.
**April 20 Update**
Data shows both Strategy and Bitmine have notched their highest annual holdings this week.
Last week, Bitmine added 101,627 ETH—its fastest accumulation pace since the week of December 15, 2025.
Separately, Strategy dropped ~$2.54 billion last week to scoop up 34,164 BTC at an average price of ~$74,395 per coin. That marks its largest accumulation spree since November 2024.
The prior major accumulation came in early August 2025: Strategy invested $2.46 billion between July 28 and August 3, purchasing 21,021 BTC at an average cost of ~$117,256 per coin.
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Strategy is currently at a unrealized loss of $195 million (-0.3%), while Bitmine is at a unrealized loss of $6.39 billion (-35.7%).
As of April 20:
- Strategy holds 815,061 BTC (valued at $61.363 billion), with an average cost basis of $75,527 per BTC. Unrealized loss: $195 million (-0.3%), as current BTC prices hover near its cost basis.
- Ethereum treasury firm Bitmine (BMNR) purchased ~101,627 ETH last week at $2,305 per ETH, totaling $2.34 billion.
- Bitmine now holds 4,976,485 ETH (valued at $11.505 billion), with an average cost basis of $3,596 per ETH. Unrealized loss: $6.39 billion (-35.7%).
### Notes on U.S. English adaptation:
1. Used **"as of"** for clear date framing (standard in U.S. financial updates).
2. Simplified phrasing (e.g., "valued at" instead of redundant "with a total of" for asset worth).
3. Used **"cost basis"** (common U.S. financial term for average purchase price).
4. Abbreviated units ($B for billion, $M for million) for brevity (standard in U.S. finance).
5. Split into bullet points for scannability (typical of U.S. news/finance alerts).
6. Kept "~" for "approxima
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Tom Lee: Crypto Bear Market Nearing End, Ethereum Continues to Benefit from Two Bullish Narratives
On April 20, Bitmine Chairman Thomas “Tom” Lee stated: “We’re seeing growing signs the ‘Mini Crypto Winter’ is ending. With reduced downside risks tied to the U.S.-Iran conflict, ETH has rallied 41% from its early February low. Since the conflict began, ETH has outperformed the S&P 500 by 2,280 basis points and remains the top-performing global asset (excluding oil prices).”
Ethereum continues to benefit from two key bullish narratives: Wall Street’s asset tokenization on blockchain and growing demand for a public, neutral blockchain for proxy AI systems. “In our view, ETH has emerged as the top ‘wartime store of value,’ and its market leadership since the conflict began carries significant weight,” Lee added.
While many expect the crypto winter to linger until fall 2026, Lee’s team maintains the downturn is nearing its end. Every major crypto winter since 2015 has aligned with at least a 20% stock pullback: the 2025 crypto selloff coincided with a 20% S&P 500 drop, but the 2026
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