The investment gives BitMine exposure to consumer media and potential DeFi revenue streams, strengthening its treasury strategy beyond ether accumulation.
Christopher Wood, Jefferies’ global head of equity strategy, swapped a 10% bitcoin allocation with gold on concern quantum computing could weaken bitcoin’s security case.
Federal prosecutors said Brian Garry Sewell defrauded investors of nearly $3 million and ran an unlicensed cash-to-crypto business that moved more than $5 million.