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BitMine Immersion Technologies (NYSE:BMNR) bought 45,759 Ethereum (CRYPTO: ETH) last week for over $90 million—its largest weekly purchase this year.
The Buying Spree Continues
BitMine’s total ETH holdings reached 4,371,497 tokens worth $8.7 billion at current prices, representing 3.62% of total ETH supply.
The company also raised its cash pile to $670 million alongside a $200 million stake in Beast Industries, bringing total assets to $9.6 billion.
Staking generates meaningful revenue despite losses. BitMine has staked 3,040,483 ETH—69% of total holdings—generating $176 million in annualized rewards at a 2.89% yield.
When MAVAN, the company’s proprietary staking solution,…
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Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, disclosed a significant increase in its position in BlackRock’s iShares Bitcoin Trust (IBIT), reporting ownership of 12.7 million shares valued at approximately $630.6 million as of December 31.
This represents a 46% rise from the 8.7 million IBIT shares previously reported as of September 30. Mubadala manages a broad global portfolio spanning technology, healthcare, infrastructure, private equity and public markets, with assets under management exceeding USD 330 billion.
The fund’s strategy aims to generate sustainable returns for the Government of Abu Dhabi and support economic…
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The Bitcoin whitepaper is clear about Bitcoin’s core feature: it is permissionless. Anyone in the world can pay anyone by joining the peer-to-peer network and broadcasting a transaction. Proof of Work consensus even empowers anybody to become a block producer, and means that the only way to reverse a payment is to overpower everyone else through hashpower.
But Proof of Work only defines how to choose a winner amongst competing chains; it does not help a node discover it. A 51% attack – or a 100% attack – is much easier if an attacker can prevent nodes from hearing about competing chains. The job of discovery belongs to the peer-to-peer module, which juggles many contradictory…
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Strategy (NASDAQ:MSTR) bought 2,486 Bitcoin (CRYPTO: BTC) for $168.4 million between February 9 and February 16 at an average price of $67,710.
The Latest Purchase
Strategy funded the buy through two sources: $90.5 million in common stock sales and $78.4 million from STRC preferred stock sales.
Total holdings now stand at 717,131 BTC acquired for $54.52 billion at a $76,027 average cost basis.
The math is painful. With Bitcoin at $68,000, Strategy sits underwater by roughly $8,000 per coin—a total unrealized loss of approximately $5.7 billion.
Despite the loss, the company retains substantial capital-raising capacity: $7.88 billion remaining under common stock authorization and $3.54…
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Abu Dhabi-based Al Warda Investments continued to expand its exposure to bitcoin through BlackRock’s iShares Bitcoin Trust (IBIT) in the fourth quarter of 2025, extending a strategy shift that began earlier in the year.
In a filing released today, Al Warda reported owning 8,218,712 shares of IBIT as of Dec. 31, up from 7,963,393 shares at the end of the third quarter. The increase follows a sharp Q3 buildup, when the firm more than tripled its stake and raised its bitcoin ETF exposure to $517.6 million.
Al Warda operates under the Abu Dhabi Investment Council (ADIC), part of Mubadala Investment Co., one of the region’s leading sovereign wealth groups. The council has rarely…
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Sam Bankman-Fried attacked Democrats for censoring “misinformation” on social media and promoted Truth Social and GETTR as free speech platforms—a striking pivot from the man who donated $5.2 million to the Biden campaign in 2020.
The Post
Bankman-Fried wrote on Sunday on X that Democrats use misinformation policies to suppress information they dislike, citing the lab leak theory and mask mandates as examples of legitimate information censored by social media platforms.
“They censored the lab leak theory (which was clearly true!), while making social media sites tell us to wear masks 24/7.
Truth Social & GETTR have always put free speech first,” he wrote, including links to his…
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Ark Invest CEO Cathie Wood weighed in on Bitcoin’s (CRYPTO: BTC) recent weakness, arguing that the decline reflects algorithmic selling rather than deteriorating fundamentals.
Bitcoin vs. Gold: A “Risk-Off” Disconnect
In a recent interview, Wood pointed to Bitcoin’s underperformance relative to gold, describing it as a byproduct of systematic, algorithm-driven trading models that classify crypto as a high-beta risk asset instead of a store of value.
She compared the current macro backdrop to 1996, just before the internet economy entered a parabolic expansion phase.
Wood also suggested that gold appears “over its skis” relative to global M2 money supply, implying it may be stretched…
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Strategy, the bitcoin treasury company led by Executive Chairman Michael Saylor, purchased $168.4 million in bitcoin last week, continuing its long-running accumulation strategy despite ongoing volatility in the crypto market.
The company disclosed that it acquired 2,486 BTC over the past week, expanding its already sizable holdings. The company’s total bitcoin reserves now stand at 717,131 BTC, making it one of the largest corporate holders of bitcoin globally.
According to the company, the full position has been accumulated for $54.52 billion, representing an average purchase price of $76,027 per bitcoin.
With bitcoin currently trading around $68,000, Strategy’s…
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Nakamoto Inc. (NASDAQ: NAKA) announced today that it has entered into merger agreements to acquire BTC Inc, the leading provider of Bitcoin-related media and events, and UTXO Management GP, LLC (“UTXO”), an investment firm focused on private and public Bitcoin companies (collectively, the “Transaction”).
The Transaction is expected to close in the first quarter this year, subject to customary closing conditions, and will be financed entirely with Nakamoto common stock in accordance with Nakamoto’s call option under the Marketing Services Agreement (the “MSA”), using a price of $1.12 per share. The Company’s option to acquire BTC Inc and UTXO, through BTC Inc’s…
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