Crypto Daily | Bitcoin Rises to $67,450; Bitmine Immersion Technologies Holdings Hit $10.7B with 4.73M ETH Position

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Bitcoin(BTC) Rises to $67,450 with a 0.2% Increase in 24 Hours

Bitcoin rose to $67,450, with a narrowed 0.2% increase in 24 hours.

Bitmine Immersion Technologies Holdings Hit $10.7B with 4.73M ETH Position

Bitmine (BMNR) announced total holdings of $10.7B, including 4.73M Ethereum (ETH-USD) tokens, $961M in cash, and other crypto investments, reflecting its long-term vision.

Its ETH position alone accounts for ~3.9% of the total 120.7M supply, alongside ~302M in moonshot investments.

The company had 3.14M tokens staked (worth ~$6.3B at $2,005 per ETH). This staking generated ~$266M yearly (~$177M current run-rate), with ~3.1M tokens staked at ~2.8% yield.

Strategy Makes No Bitcoin Purchases in Prior Week

Strategy (MSTR) on Monday said it did not purchase any bitcoin or sell any shares under its at-the-market program during the period between March 23 and March 29.

The world's largest bitcoin treasury company bought about $76.6M worth of tokens in the week ended March 22, a significant drop from the purchase of about $1.6B in the previous week.

As of March 29, Strategy held ~762,099 bitcoins, acquired for an aggregate purchase price of $57.69B and an average purchase price of ~$75,694.

Google's Quantum AI Team Highlights Cryptography Vulnerability in Bitcoin and Ethereum

Google's Quantum AI team has released a new whitepaper indicating that breaking the cryptography used by Bitcoin and Ethereum may require fewer than 500,000 physical qubits, a figure significantly lower than the millions often cited in recent years. According to NS3.AI, Google researchers suggest that a prepared attacker could complete the final step in approximately nine minutes after a Bitcoin public key appears in a live transaction, compared to the roughly 10 minutes needed for confirmation.

The researchers also pointed out that Taproot, a Bitcoin upgrade, may increase exposure because it makes public keys visible by default. The paper estimates that approximately 6.9 million Bitcoin are stored in wallets with exposed public keys, potentially heightening vulnerability to quantum attacks.

Starcloud Secures $170 Million in Series A Funding at $1.1 Billion Valuation

Starcloud, a space computing startup, has announced the completion of a $170 million Series A funding round, valuing the company at $1.1 billion. According to PANews, the round was led by Benchmark and EQT Ventures, bringing the total funding to $200 million.

The company plans to launch Starcloud 2 later this year, which will feature multiple GPUs, including Nvidia Blackwell chips, AWS server blades, and a Bitcoin mining machine. CEO Philip Johnston stated that Starcloud 2 will be the first space-based Bitcoin mining satellite, emphasizing that space mining is the future.

Ant Group Completes Acquisition of Hong Kong Stablecoin Concept Stock

Ant Group has finalized its acquisition of a 50.55% stake in Hong Kong stablecoin concept stock, Bright Smart Securities, for HKD 2.814 billion, according to a Hong Kong Stock Exchange announcement. According to Foresight News, the board of Bright Smart Securities has undergone a complete reorganization. New executive directors include Zheng Yanlan, head of the overseas business preparation group of Ant Wealth, a division of Ant Group; Huang Hao, a senior vice president at Ant Group; and Liu Zheng, the chief financial officer of Ant Group.

Previously, Foresight News reported that Ant Group had announced a delay in the acquisition of Bright Smart Securities until November 2025.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday was $69.44 million. The total net asset value of Bitcoin spot ETFs is $85.47 billion, and the ETF net asset ratio (market value compared to the total Bitcoin market value) is 6.41%.

The Bitcoin spot ETF with the highest net inflow was ARK 21Shares Bitcoin ETF, with a net inflow of $33.03 million, according to SoSoValue.

SoSoValue