Overview
- Regulatory filings show JP Morgan bought 1,974,144 BitMine (BMNR) shares, a stake worth about $102.5 million.
- ARK Invest added 240,507 BMNR shares on Thursday and a further 48,454 on Friday, lifting its combined ETF holdings above 6.8 million shares valued near $260 million.
- BitMine reports the largest public Ethereum treasury at roughly 3.31–3.4 million ETH—about $11 billion—which it stakes to generate yield for shareholders.
- BMNR has been volatile, falling about 35% over the past month and sliding roughly 9.8% around the institutional buys before a modest rebound.
- Institutional flows reflect a rotation into Ethereum‑linked equities for crypto exposure without direct custody, with JP Morgan also reported to have trimmed another crypto‑linked position by about 70%.