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JPMorgan Chase Acquires Stake in Ethereum's Largest Treasury Management Firm Bitmine, Holding Position Valued at $102 Million
BlockBeats News, November 8th, JPMorgan Chase's 13F-HR filing submitted to the SEC on November 7th showed that as of September 30th, the bank held 1,974,144 shares of Bitmine Immersion Technologies, the world's largest Ethereum reserve company, with a holding market value of $102 million.
Bitmine, originally a Bitcoin miner, transitioned to an Ethereum reserve company in 2025 and currently holds over 3.24 million Ether, making it the world's largest reserve holder.
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Compared to a strategy relying on debt and preferred stock financing, Bitmine's current financial structure has more cushioning capability thanks to equity issuance, cash reserves, and ETH staking rewards.
The ebb of the top three buyers, BitMine bears the brunt of ETH selling pressure alone. With a floating loss of 3 billion, it is the ultimate gamble about "buying the dip" and "catching the falling knife."
Since the end of June, BMNR's stock price has risen by over 1300%; meanwhile, ETH is approaching a new all-time high.
2025's Peter Thiel is no longer satisfied with being a passive hodler.
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4min ago
24H Important News
2026-11-13
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