Corporate Ether buying accelerates as BitMine and SharpLink raise cash, with ETH nearing record highs and institutions targeting a larger share of supply. The corporate Ether acquisition race is accelerating as the world’s two largest Ether treasury firms are raising capital to acquire more of the world’s second-largest cryptocurrency, which is nearing its previous all-time high. Public Bitcoin (BTC) mining firm BitMine Immersion Technology is looking to raise $24.5 billion through a new at-the-market (ATM) stock sale offering to acquire more Ether (ETH) tokens, according to a Tuesday US Securities and Exchange Commission filing. BitMine’s offering comes the same day as corporate crypto treasury firm SharpLink completed a $389 million capital raise from common stock shares sold for select institutional investors, according to another SEC filing. “We intend to contribute substantially all of the cash proceeds that we receive to acquire ETH,” the filing said. Read more
Discover the institutional potential of restaking and the path to broader integration. Restaking emerged from the dust and quickly gained traction in late 2023. It is adopted mainly by retail investors, while institutional investors are only beginning to explore this niche. Several factors still hinder the institutional adoption of restaking, which include the lack of standardized risk assessment methods and the operational complexity associated with validator and protocol management. In the recent report, P2P.org, Cointelegraph Research outlines the developmental path of restaking and argues that the eventual institutional integration of restaking products is inevitable despite the uncertainties. The report commences by breaking down the fundamentals of restaking, its core risks and emerging risk-management frameworks. It discusses the evolution of native restaking through distributed validator technology. It also analyzes the challenges institutions face in yield generation today and explores how restaking ...