After BitMine's $200 Million Investment, MrBeast Acquires Youth-Focused Banking App Step

Odaily News Beast Industries announced it has acquired the mobile banking app Step, which targets teenagers and young adults, to advance its strategic layout in the financial services sector. Step currently boasts over 7 million users and has raised approximately $500 million from investors including Stephen Curry and Justin Timberlake. Jeff Housenbold, CEO of Beast Industries, stated that this acquisition will leverage technology-driven solutions to enhance the financial well-being of its audience. Previously, Ethereum treasury company BitMine Immersion Technologies invested $200 million in Beast Industries in January, and the two parties are exploring the integration of DeFi functionalities into financial platforms. Additionally, Beast Holdings filed a trademark application for "MrBeast Financial" in October, covering businesses such as cryptocurrency trading and payment processing. (Cointelegraph)