In brief BitMine raised ~$274 million by selling 3.5 million shares of preferred stock at $80/share, less fees. Proceeds will fund Ethereum acquisitions, staking infrastructure, and possible stock buybacks. The preferred shares pay a 9.5% annual dividend and are expected to list on the NYSE under ticker BMNP. BitMine Immersion Technologies, the leading Ethereum treasury
Bitcoin continued its recent dive on Friday, falling below the $60,000 mark for the first time since 2024. The leading cryptocurrency by market cap was recently trading at $59,909, down about 6% on the day and 18.5% over the last week. Other top coins have taken similar hits amid a broader market decline, with Ethereum
The United States spot Bitcoin ($BTC) exchange-traded funds (ETFs) have ended their longest losing streak in 2026. After recording a net cash outflow of $4.367 billion between May 15 and June 3, the U.S. spot $BTC ETFs closed June 4 with a net inflow of approximately $3.05 million, according to data from SoSoValue. As such,
Bitcoin remains under heavy selling pressure after crashing below multiple key support levels in quick succession. The recent rejection from the descending 200-day moving average triggered a sharp sell-off that invalidated the previous rising channel structure and pushed $BTC back toward a major demand zone around $60K. Meanwhile, on-chain data suggests market participants are increasingly
The sharp decline in the cryptocurrency market has also significantly impacted the balance sheets of companies that stand out with their institutional treasury strategies. According to the data, Strategy, led by Michael Saylor, incurred total losses exceeding $12.4 billion in its Bitcoin portfolio, while Bitmine, headed by Tom Lee, saw losses surpassing $10 billion in
Securitize, the tokenization specialist backed by BlackRock, moved a step closer to becoming a publicly traded company after the U.S. Securities and Exchange Commission approved a key filing tied to its planned merger with a special purpose acquisition company (SPAC). The agency declared Securitize’s registration statement for its proposed combination with Cantor Equity Partners II
Rumble just landed the biggest customer deal in its history. The company signed a $270 million multi-year cloud agreement with Together AI for dedicated GPU capacity powered by NVIDIA HGX Blackwell B300 systems. Rumble’s stock surged 7% in premarket trading following the announcement. Advertisement What the deal actually involves Together AI, a company focused on
SpaceX is swinging for the fences. The aerospace company founded by Elon Musk has set its sights on raising $75 billion in what would be the largest initial public offering in history, with plans to list on Nasdaq under the ticker SPCX as early as mid-June. The company intends to sell 555.6 million shares at
Morgan Stanley Wealth Management has partnered with Galaxy Digital on a referral program that enables eligible clients to lend cryptocurrency in exchange for shares of spot crypto ETPs, including the Morgan Stanley Bitcoin Trust. The offering is intended to help clients integrate digital assets into traditional investment portfolios more efficiently. Through the arrangement, Morgan Stanley
A Thai-regulated digital asset manager just made it easier for investors across Asia to buy into Injective without navigating unregulated crypto exchanges. Merkle Capital’s new M-$INJ fund is the first regulated investment vehicle in Asia built exclusively around the $INJ token. The fund, which launched on June 4, is supervised by Thailand’s Securities and Exchange