Beast Industries completes $200 million financing round, led by BitMine

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

BitMine stated that it has agreed to invest $200 million in Beast Industries, a media and consumer holdings 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. Jeff Housenbold, CEO of Beast Industries, said that the funds will be used to support growth plans and explore the integration of decentralized finance features into future financial service products. The transaction is expected to be completed around January 19.