Overview
- JP Morgan bought 1,974,144 BMNR shares valued at about $102.5 million, according to filings shared by market trackers.
- ARK Invest added 240,507 BMNR shares across ARKK, ARKW, and ARKF for roughly $9.2 million, bringing its actively managed ETFs to more than 6.8 million shares worth nearly $260 million.
- BitMine has pivoted to an Ethereum treasury model and reports holding nearly 3.4 million ETH that it stakes for yield.
- The latest buying occurred as BMNR shares fell about 9.8%, reflecting recent weakness across digital asset treasury stocks.
- Market observers note a rotation into Ethereum-linked equities, with trackers reporting JP Morgan cut a prior SBET position, while ETH price swings and regulatory uncertainty remain key risks.