Tag: Million

Binance SAFU Fund buys 1,315 Bitcoin worth over $100 million

admin

Binance’s Secure Asset Fund for Users, the exchange’s emergency insurance reserve, purchased around 1,315 Bitcoin worth over $100 million today, the exchange said in a statement. #Binance SAFU Fund Asset Conversion progress update. Binance has completed the first batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins. Our SAFU BTC address:1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD TXID: https://t.co/OdrvSINsRs We’re continuing to… pic.twitter.com/Ue47ayJfbS — Binance (@binance) February 2, 2026 The acquisition marks SAFU’s first Bitcoin purchase in nearly two years. The fund was established in 2018 to protect users against potential hacks…

Sony’s VC arm invests $13 million more in web3 infrastructure firm Startale

admin

Sony Innovation Fund, the corporate venture capital arm of Sony Group, has invested an additional $13 million in Startale Group, the web3 infrastructure firm and Sony joint-venture partner, according to a Wednesday statement. Led by CEO Sota Watanabe, who founded Astar Network, Startale developed and delivered Soneium, an Ethereum layer 2 blockchain, in collaboration with Sony Block Solutions Labs. With the new funding, Startale’s total capital raised has grown to $20 million. The Singapore-based blockchain infrastructure company secured $3.5 million from Sony in a seed round in September 2023 and…

Tom Lee’s Bitmine scoops 40,302 Ethereum as total staked exceeds 2 million ETH

admin

Bitmine Immersion Technologies, led by Thomas “Tom” Lee, announced today that its Ethereum holdings have grown to around 4.2 million units valued at over $12 billion following last week’s 40,302 ETH acquisition. The company has deposited over 2 million ETH worth $5.7 billion into staking and is well on track to release its MAVAN, or Made in America VAlidator Network, this quarter. Described as a “best-in-class” staking solution, MAVAN is currently in its pilot phase. The network plays a key role in Bitmine’s transformation from a passive ETH holder to…

Railway secures $100 million to expand AI-ready cloud platform

admin

Railway, a San Francisco-based full-stack cloud platform that has grown to two million developers without marketing, announced Thursday that it landed $100 million in Series B funding to scale its sub-second deployment platform amid rising demand for speed and efficiency in software development. The funding round was led by TQ Ventures and included participation from FPV Ventures, Redpoint, and Unusual Ventures. Prior to this round, the company had raised a total of $24 million, including a $20 million Series A from Redpoint in 2022. Improvements in AI coding are forcing…

Bitcoin drops below $90K as selloff triggers $580 million in liquidations

admin

Bitcoin dropped below $90,000 on Tuesday morning, falling over 3% as escalating trade tensions sent risk assets lower across global markets. The largest crypto asset by market capitalization has faced sustained downward pressure since Sunday, when President Trump announced new tariffs and threatened a trade war against European countries opposing his bid to acquire Greenland. Bitcoin fell from $95,000 to $92,000 on Monday morning and continued declining through the week, breaking below the $90,000 level on Tuesday. The sharp move lower triggered over $580 million in liquidations over the past…

Grant Cardone’s company invests $10 million in Bitcoin

admin

Key Takeaways Cardone Capital is acquiring $10 million worth of Bitcoin. The firm supports a hybrid model combining real estate and cryptocurrency assets. Share this article Cardone Capital is buying the Bitcoin dip. The real estate company is adding $10 million in Bitcoin to its portfolio, said founder and CEO Grant Cardone in a Monday statement. CardoneCapital is adding another $10M in BTC to its real estate hybrid model. We are long term holders of both institutional best in class real estate & BTC. pic.twitter.com/VAxCLSKALi — Grant Cardone (@GrantCardone) January…

Steak ‘n Shake Says Bitcoin Stash Grew by $10 Million in Value

admin

Steak ‘n Shake, a fast-food restaurant chain that accepts Bitcoin (BTC) payments at its stores, announced on Friday that its BTC corporate treasury grew by $10 million in notional value. “All Bitcoin sales go into our strategic Bitcoin reserve,” the company said, adding that adopting BTC as a treasury asset has led to a flywheel effect that increases same-store sales, which, in turn, grows the company’s BTC stash. In May 2025, the company announced it would start accepting BTC as a method of payment at all its locations worldwide, in…

Steak ‘n Shake adds $10 million in Bitcoin to its strategic reserve

admin

Key Takeaways Steak ‘n Shake’s Bitcoin holdings have grown to $10 million following a dramatic sales rise. The chain rolled out Bitcoin payments via the Lightning Network across all US locations last May. Share this article Steak ‘n Shake announced today that its strategic Bitcoin reserve has grown by $10 million after pledging to build its reserve using all Bitcoin payments. The American fast-food chain began allowing customers to pay with Bitcoin at all US locations last May via the Lightning Network. The move has been backed by many members…

Galaxy Digital Closes $75 Million Tokenized CLO on Avalanche

admin

Galaxy Digital has closed its first tokenized collateralized loan obligation (CLO), bringing private credit onto blockchain infrastructure. The deal, known as Galaxy CLO 2025-1, was issued on Avalanche and has financed roughly $75 million in loans so far, according to a Thursday announcement. The transaction is anchored by a $50 million allocation from Grove, an institutional credit protocol within the Sky ecosystem, formerly known as MakerDAO. “By uniting our strengths in debt capital markets, blockchain technology, and asset management, we’re opening a new avenue for institutional engagement in credit markets—one…

Bitmine invests $200 million in MrBeast’s Beast Industries to expand DeFi and financial services integration

admin

Key Takeaways Bitmine Immersion Technologies invests $200 million in Beast Industries. The investment will close around January 19, 2026. Share this article Bitmine Immersion Technology, the world’s leading Ethereum treasury company, announced Thursday a $200 million equity investment into Beast Industries. The announcement comes ahead of Bitmine’s annual meeting scheduled for later today. The partnership will focus on exploring the integration of decentralized finance (DeFi) into MrBeast’s upcoming financial services platform to bridge the gap between digital assets and the creator economy. The deal, viewed as a significant endorsement of…