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Berkshire CEO: Plans to hold long-term stakes in Japan's five major trading companies, AI data centers bring energy opportunities

Berkshire Hathaway CEO Greg Abel stated in an interview with CNBC that the company plans to hold its stakes in Japan's five major trading companies as a long-term investment, expecting to hold them for decades. Currently, Berkshire holds over 10% of shares in each of the five major trading companies and is continuously exploring other cooperation opportunities in Japan and overseas with these enterprises. Abel also mentioned that despite the 10-year Japanese government bond yield rising to about 3%, the five major trading companies do not view the rise in interest rates as a fundamental challenge, and Berkshire still plans to issue yen bonds as needed.Regarding AI investments, Abel stated that the rapid development of artificial intelligence and the practical applications of AI by Berkshire's subsidiaries are among the important reasons for the company's optimism about Alphabet. On the construction of AI data centers, he believes that energy supply and related infrastructure development remain major constraints, which also presents significant opportunities for Berkshire and Berkshire Energy. Abel pointed out that the company is willing to provide energy services for large tech companies' data centers, but on the condition that it does not harm the interests of other customers and should bring net benefits to the local community.In terms of the U.S. housing market, Abel stated that Berkshire takes a long-term view of the housing industry, believing that the "American Dream" will continue, but there will not be a rapid recovery in the short term, and the industry may still face fluctuations for some time. Regarding the overall economy, he noted that most of Berkshire's large businesses performed strongly as of the second quarter, with demand still robust, but American consumers are under significant pressure and need to be more cautious in managing their income; overall, the economic fundamentals that Berkshire currently sees remain "very strong."

first_img BitMine has staked 5.07 million ETH, accounting for 4.9% of the total Ethereum supply

Bitcoin mining company BitMine Immersion Technologies stated in its latest staking disclosure that as of August 30, it has staked 5,067,309 ETH, valued at approximately $12.7 billion based on a price of $2,511. The company's disclosed staking balance remained unchanged from August 9 to 30, while it added 53,501 ETH in the latest week, bringing its total holdings to 5,901,112 ETH.BitMine indicated that its Ethereum vault accounts for about 4.9% of the total Ethereum supply of 120.7 million coins, and the company had previously set a target to acquire 5% of the total Ethereum supply. The company has set the annualized yield for its staking operations over the past seven days at 2.63%, stating that the annualized staking income corresponding to the current holdings is approximately $335 million; if the entire ETH balance is staked through its self-built network and staking partners at the same yield, the annualized staking rewards could reach $390 million.BitMine officially launched its self-built "Made in America Validator Network" (MAVAN) in April this year. In its April disclosure, the company mentioned that some staked ETH had already been deployed on MAVAN, but did not specify the exact amount. BitMine's staking holdings were 4,879,157 ETH at the beginning of July, surpassed 5 million on August 9, and have remained stable in the subsequent four weekly disclosures. The company's chairman, Tom Lee, has stated that BitMine's staked ETH amount exceeds that of any other entity.

first_img SBI Holdings invests $270 million in Indonesian platform Ajaib to acquire a 20% stake

SBI Holdings, a Japanese financial services group, announced an investment of $270 million in the Indonesian multi-asset investment platform Ajaib Group, acquiring approximately 20% minority equity, making the Jakarta-based Ajaib an equity method associate of SBI. Ajaib confirmed this strategic investment in a LinkedIn post on Friday, stating that it is the largest tech financing in Indonesia since 2022, bringing its total funding since 2019 to over $500 million.Ajaib offers investment channels including domestic and international stocks, bonds, mutual funds, exchange-traded funds, crypto assets, stablecoins, commodities, and foreign exchange, while also covering payment and savings services, and providing over-the-counter stablecoin settlement services and liquidity support for Indonesian businesses and institutional investors. SBI stated that this collaboration will promote the adoption of digital assets in Asia and continue to expand its business footprint in the region.The SBI Group operates the Japanese crypto exchange SBI VC Trade, the Singapore exchange Coinhako, and the UK market maker B2C2. Other digital asset projects include the yen stablecoin JPYSC and the Layer 1 blockchain Strium developed for financial applications. SBI Holdings Chairman and President Yoshitaka Kitao stated that in the era of tokenization, the importance of global infrastructure for digital assets is increasingly prominent. SBI is establishing a network of digital asset exchanges in Southeast Asia through the "SBI APAC Digital Economic Zone" initiative, and Ajaib's model of combining traditional financial products with digital assets aligns with this strategy.

first_img SBI acquired a 20% stake in Indonesian brokerage Ajaib for $270 million, expanding its yen stablecoin

According to CoinDesk, Japanese financial giant SBI Holdings plans to acquire a 20% stake in Indonesian online brokerage Ajaib Group for $270 million by the end of this month to expand the circulation of its yen stablecoin JPYSC in Southeast Asia and utilize blockchain technology to build cross-border settlement infrastructure.Ajaib provides a foothold for SBI to enter the Indonesian market. Indonesia is one of the largest retail investment markets in ASEAN, with over 20 million retail investors and an estimated retail market size of $375 billion. Ajaib operates online brokerage, forex margin trading, cryptocurrency, and asset management businesses in Indonesia, and this $270 million deal is also the largest tech financing in Indonesia in years.SBI Chairman and President Yoshitaka Kitao stated that in the era of tokenization, the importance of global digital asset infrastructure is becoming increasingly prominent. This investment is part of SBI's strategy in Southeast Asia, having previously acquired Singapore cryptocurrency exchange Coinhako for about $100 million and invested in Singapore digital securities trading platform DigiFT. The Japanese government has also recently announced plans to build blockchain infrastructure for stocks and government bonds, with the expectation of launching 24/7 on-chain settlement in the early 2030s.
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