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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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BlackRock ETFs hold $384 million of shares in Bitcoin mining firms

SEC filings reveal that BlackRock has invested almost $400 million into Riot Blockchain and Marathon Digital Holdings stock.

Filings submitted by the $9 trillion multinational investment manager BlackRock reveal the firm has made significant investments in two leading publicly traded Bitcoin mining firms.

A June 30 filing submitted to the U.S. Securities and Exchange Commission, unearthed by Forbes, shows that BlackRock owns a 6.71% stake in Marathon Digital Holdings (MARA) and 6.61% of Riot Blockchain (RIOT).

In total the investments are valued at nearly $384 million, with BlackRock having purchased nearly $207 million worth of Marathon and $176 million worth of Riot.

According to Etf.com, BlackRock’s iShares Russell 2000 ETF holds more shares in Marathon and Riot than any other ETF, while iShares Russell 2000 Value ETF ranks third on the same measure.

The investments are not BlackRock’s first in the digital asset sector, with the firm filing an application with the SEC in January for two of its funds to purchase cash-settled Bitcoin futures contracts, before revealing in April that its BlackRock Global Allocation Fund had bought 37 BTC futures contracts from Chicago Mercantile Exchange.

With few products offering institutional investors regulated exposure to the crypto markets in the United States, Bitcoin mining stocks have become an increasingly popular investment in recent years.

While BTC is up by roughly 288% over the past 12 months, Marathon’s stock has surged 754% and Riot has gained 848%.

Related: You can already invest in hundreds of ETFs with exposure to Bitcoin

Fidelity Group and Vanguard Group among the large firms obtaining significant exposure to the BTC mining sector in recent months.

Vanguard’s Total Stock Market ETF and Information Technology ETF rank as the fourth and fifth largest funds by RIOT holdings, while the firm’s Small-Cap ETF and Small-Cap Growth ETF are the fourth and fifth largest ETF holders of MARA shares, according to Etf.com.

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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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