Beast Industries Completes $200 Million Financing Round Led by BitMine

Odaily News: Beast Industries announced the completion of a $200 million financing round led by BitMine. The project's main business is media and consumer holdings, covering content production, the consumer brand Feastables, MrBeast Burger, and commercial investments.

BitMine stated that it has agreed to invest $200 million in Beast Industries, a media and consumer holding company founded by YouTube creator MrBeast. BitMine currently holds over 4 million ETH, valued at approximately $13 billion, making it the world's largest Ethereum treasury holder. Beast Industries CEO Jeff Housenbold said the funds will be used to support growth plans and explore integrating decentralized finance (DeFi) features into future financial service products. The transaction is expected to be completed around January 19th.