Bitmine commits $200M to MrBeast’s Beast Industries as “MrBeast Financial” files a trademark for crypto payments, exchanges, and DeFi-focused financial services.
- Bitmine plans a $200 million investment in Beast Industries, calling MrBeast’s empire the largest creator platform and a prime gateway to younger crypto users.
- Beast Industries filed a “MrBeast Financial” trademark that spans crypto payments, exchange services, and decentralized trading, still in early USPTO review.
- MrBeast faces unproven allegations of profiting from SuperVerse and other tokens, yet his audience and Beast Industries’ valuation remain resilient with institutional backing.
Tom Lee’s Bitmine announced a $200 million investment in Beast Industries, the business entity behind YouTube creator MrBeast, with the deal scheduled to close January 19, according to company statements.
Beast Industries has filed a trademark application for “MrBeast Financial” with the U.S. Patent and Trademark Office, covering crypto payment processing, exchange services, and decentralized trading, according to public records. Jeff Housenbold, Beast Industries’ CEO, stated the company is exploring ways to incorporate decentralized finance into an upcoming financial services platform.
MrBeast and Tom Lee go all in
Lee described Beast Industries as “the largest and most innovative creator-based platform in the world” with significant reach among younger demographics. MrBeast’s main YouTube channel has hundreds of millions of subscribers.
The investment comes months after cryptocurrency investigator Coffeezilla released a video in November examining MrBeast’s cryptocurrency activities. The video presented allegations that MrBeast generated over $10 million from SuperVerse after purchasing tokens at $100,000 during presale, then allegedly promoting the token and selling during unlock periods.
Coffeezilla cited leaked screenshots between MrBeast and SuperVerse’s founder, along with wallet analysis tracing tokens to addresses allegedly connected to the YouTuber. The investigation also examined MrBeast’s involvement with PMON, STACK, Ethernity, and XCAD – projects where the creator allegedly profited following promotional activity.
A representative for MrBeast told Coffeezilla the investments were managed by a fund with industry experts and claimed full compliance with regulations. The representative stated MrBeast does not personally own or manage the wallets in question.
Separate blockchain analysts alleged in October that MrBeast controls more than 50 crypto wallets that generated $23 million through various schemes, according to reports. None of these allegations have been proven in court.
Bitmine describes itself as a leading Ethereum treasury company with a stated goal of acquiring 5% of Ethereum’s total supply. The firm’s backers include Cathie Wood’s ARK, Founders Fund, Bill Miller III, Pantera Capital, Kraken, DCG, and Galaxy Digital, according to company information.
The company trades on NYSE American and positions itself as implementing digital asset strategies for institutional investors.
The MrBeast Financial trademark application remains in early stages and has not been assigned to an examiner, according to USPTO records. Trademark filings do not guarantee product launches.
If Beast Industries launches a crypto platform targeting MrBeast’s audience, it could serve as an entry point for younger users entering digital assets, according to industry observers. The investment ties institutional capital to a creator whose cryptocurrency history includes unproven allegations of insider trading and pump-and-dump schemes.
MrBeast’s content, which includes viral stunts and philanthropic giveaways, has built an audience that industry analysts say justifies nine-figure investments. Beast Industries operates as a media company with multiple revenue streams beyond advertising.
MrBeast’s audience has not significantly declined following the cryptocurrency allegations or workplace harassment findings from an investigation conducted by attorney Alex Spiro earlier this year, according to public metrics.
Bitmine held its annual stockholder meeting at the Wynn Las Vegas on Thursday.
