BlackRock’s $246M Bet on Bitmine: Is This ETH’s Bottom?
BlackRock raises Bitmine stake 165% to 9,049,912 shares worth $246M as the firm becomes the largest corporate ETH holder. BlackRock’s latest filing has drawn attention across crypto markets. The asset manager sharply increased its stake in Bitmine Immersion Technologies. The disclosure has raised questions about Ethereum’s recent price weakness and whether institutional positioning is shifting
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