BlackRock Is Going Deep in Bitmine 9M Shares, $246M, Big Crypto Signals! 9M Shares, $246M, Big Crypto Signals!
Stop scrolling. BlackRock increased its BlackMine by 165 QoQ to own 9.05M shares (~$246M) of BMNR. It is not a casual one, it is a full-scale institutional game in crypto infrastructure.
Bitmine is no longer mining the coins. The company operates a huge Ethereum treasury: 4.3M ETH
$ETH (approximately 3.5 percent of total supply), and staking functions produce constant returns. Their goal? Long-term control 5 percent of ETH supply. As ETH prices fluctuated, Bitmine continued to stack in