Kraken Wants $500M (Again) 🦑

What we’ll cover today:

📦 ETH Strategy raises 12,342 ETH for staking

🔁 Bitmine’s billion-dollar buyback shocks investors

🦑 Kraken plans $500M raise at $15B valuation

📉 What token unlocks could mean for ETH price

🌍 How new U.S. crypto laws are reshaping the game

Ethereum’s Big Fat Treasury Raise 💼🔥

ETH Strategy, a new crypto treasury protocol, raised over $46M (12K ETH) from private investors, public sales, and warrants.

🚨Breaking News:
ETH Strategy raised 12,342 ETH and plans to stake most of it. Some fear token unlocks could cause price dips.

⚡Wire Simplified:

• Raised 6.9K ETH via private sale, 1.2K ETH public, 4.2K via puttable warrants

• 11.8K ETH will be staked or used for liquidity

• 4-month cliff + 2-month unlock period starts after token generation

• Institutional ETH hoarding is heating up, signaling strong long-term interest

• Risk: Token unlocks in ~6 months could bring temporary selling pressure

✔️Straight to the Point:
ETH Strategy is stacking Ether like it’s going out of style. Just watch for the unlock flood when it hits.

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Bitmine’s Billion Dollar Plot Twist 🤑

Tom Lee’s ETH-focused company Bitmine Immersion just announced a jaw-dropping $1B stock buyback, right after hoarding 625K ETH.

🚨Breaking News:
Bitmine’s stock plunged 8.8% right after announcing a $1B buyback, despite holding massive ETH reserves. Investors weren’t impressed.

⚡Wire Simplified:

• Bitmine owns 625,000 ETH and is now buying back $1B of its own shares

• The stock fell 8.8% the next day. Oops

• Tom Lee says it’s for “sustainability,” not just buying more ETH

• The company recently pivoted fully from BTC to ETH strategy

• Bitmine’s stock had surged 700% last month before this dip

✔️Straight to the Point:
ETH whales like Bitmine are serious. But even billion dollar moves can spook Wall Street if timing feels off.

Kraken Wants $500M (Again) 🦑💸

Kraken, one of the OG crypto exchanges, is prepping to raise $500M, chasing a $15B valuation amid big growth.

🚨Breaking News:
With new U.S. crypto laws clearing the air, Kraken is ready to expand and raise big capital from investors again.

⚡Wire Simplified:

• Kraken plans a $500M raise, targeting a $15B valuation

• Laws like GENIUS and CLARITY Acts are helping boost investor confidence

• Kraken has gone global, Argentina, Mexico, UK, EU, and beyond

• Revenue in 2024 was $1.5B, up 128% from last year

• They're adding tokenized stocks, staking, and instant payments

✔️Straight to the Point:
Kraken’s not just riding the crypto wave, they’re building the surfboard. With regulations easing, this may be their biggest play yet.