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Crypto

Norway sovereign wealth fund holds 6.15 million shares in BitMine, indirectly investing in Ethereum

Norway\'s sovereign wealth fund has been confirmed to hold 6,151,062 shares in BitMine Immersion Technologies. A Norges Bank holding disclosure for the quarter ended June 30 put the stake\'s value at $81,908,635. The holding is seen as an example of indirect exposure to Ethereum, though the fund did not buy ETH directly. BitMine reported holding 5,805,238 ETH as of Aug. 9, with 5,067,309 ETH staked.

Industry

SpaceX shares jump again above IPO price as short interest slides

SpaceX shares rose 11 percent on Aug. 11 to close around $148, about 10 percent above its $135 IPO price. Cryptopolitan said the stock has rebounded about 41 percent from its Aug. 3 low and is up nearly 28 percent over the past week. S3 Partners estimates short interest fell to about 11 percent from 34 percent last week. Norges Bank Investment Management disclosed a roughly 0.05 percent stake worth just over $1.2 billion.