BitMine Expands to 3.3 Million ETH Worth $13.7 Billion as American Bitcoin Boosts Holdings to 3,865 BTC

Mt. Gox Delays Remaining Bitcoin Repayments to 2026 With $4 Billion Still Held

Mt. Gox has pushed creditor repayments back another year, delaying the deadline to October 31, 2026. The trustee cited incomplete payouts for many creditors as the key reason for the extension, despite most early and base repayments being processed. Mt. Gox was once the world’s leading Bitcoin exchange before losing about 850,000 BTC in a 2014 hack and entering bankruptcy. Roughly 200,000 BTC were later recovered and have been distributed under a court-approved plan since 2024. Concerns have persisted about whether large BTC distributions would trigger sell pressure, although analysts argue the impact may be short-lived. Mt. Gox still holds about 34,690 BTC worth roughly $4 billion.

Crypto Funds Rebound With $921 Million Inflows as Bitcoin Dominates and Ethereum Slips

Crypto investment products saw a strong rebound with $921 million in net inflows last week after the previous week’s outflows. The U.S. market drove most of the gains with $843 million in inflows, while Germany also posted one of its best weeks. Bitcoin products dominated with $931 million in inflows, supported by improving confidence around U.S. rate cuts after softer inflation data. Ethereum products, however, recorded their first weekly outflows in five weeks as U.S. spot ETFs bled funds. Trading volumes remained high at $39 billion. XRP and Solana inflows slowed ahead of expected ETF approvals.

MegaETH ICO 3x Oversubscribed With $150 Million in Bids, Vitalik Buterin and Joe Lubin Among Backers

MegaETH’s initial coin offering opened Monday and quickly became 3x oversubscribed, with bids exceeding $150 million at the $0.099 max price and an implied fully diluted valuation of $3.05 billion. The project, focused on a real-time blockchain, counts Vitalik Buterin and Joe Lubin among its backers, with a $20 million seed round led by Dragonfly. Accredited investors face a mandatory one-year lock-up, while non-US participants can opt out. The team holds only 9.5% of tokens, and early buyers could see outsized returns. MegaETH plans additional token rewards for users engaging with apps once the mainnet launches.

American Bitcoin Adds 1,414 BTC to Holdings, Total Reaches 3,865 BTC Amid Nasdaq Listing and Political Scrutiny

American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., added 1,414 BTC worth $163 million, bringing its total holdings to 3,865 BTC ($445 million). The company focuses on increasing its Bitcoin-per-share ratio to boost shareholder value. American Bitcoin went public on Nasdaq in September after merging with Gryphon Digital Mining, seeing volatile trading and strong intraday gains. The company’s growth coincides with heightened political scrutiny, including President Trump’s pardon of Binance founder CZ, which critics say reflects conflicts of interest and favors for crypto figures. Eric Trump indicated the family’s crypto ventures have significantly increased their personal wealth.

BitMine Immersion Surpasses 3.3 Million ETH Holdings Worth $13.7 Billion as U.S.-China Trade Optimism Boosts Ethereum

Ethereum-focused treasury company BitMine Immersion has surpassed 3.3 million ETH, worth about $13.7 billion, after acquiring 77,055 ETH in its latest weekly update. Total crypto and cash holdings now stand at $14.2 billion, including 192 BTC, $88 million in WLD treasury firm Eightco, and $305 million in cash. BitMine’s ETH represents nearly 2.8% of Ethereum’s circulating supply, making it the largest ETH treasury holder, ahead of Joe Lubin’s SharpLink and The Ether Machine. Supported by institutional investors such as Ark Invest, DCG, and Pantera, BitMine aims to acquire 5% of ETH’s circulating supply. The ETH rebound over the past week has been aided by optimism over U.S.-China trade talks, with BitMine’s trading volume now ranking it among the top U.S. equities in liquidity.