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If you believe that the institutional interest in cryptocurrency concluded with the ETF approvals, reconsider. In a development that indicates substantial long-term confidence, BlackRock, the largest asset manager globally, has reportedly raised its stake in Bitmine to more than 9 million shares, as per a recent 13H-FR filing that emerged on X.
BlackRock has SIGNIFICANTLY boosted its stake in Bitmine Immersion Technologies.
It now possesses over 9 million shares (a 165.6% increase from its prior position)
The stake is valued at approximately $246 million!!!$ETH / $BMNR pic.twitter.com/j89hSjXmp8— Kodi (BMNR)
(@SweatyKodi) February 12, 2026
While retail investors are preoccupied with declining prices, the largest asset manager in the world is actively acquiring more infrastructure.
This action is not merely a passive investment; it serves as a declaration. When Larry Fink’s firm transacts millions of shares in a crypto-focused company, it alters the liquidity landscape for all participants.
Context: The Wall Street Shift Continues
This accumulation follows closely on the heels of BlackRock’s leadership in the spot ETF arena.
Their iShares Bitcoin (BTC) Trust has already set growth records, exceeding $70 billion in assets more rapidly than any ETF in history.
By significantly increasing its exposure to Bitmine, the world’s largest asset manager is reinforcing its commitment to the operational aspects of the blockchain ecosystem.
While news often emphasizes spot prices, astute investors track institutional hedging and whale positioning deeper within the market.
BlackRock’s ownership of over 9 million shares indicates that it views mining and infrastructure not as a speculative gamble, but as an essential asset class worthy of inclusion on its balance sheet.
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BlackRock and Bitmine: Strategic Accumulation or Just a Hedge?
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Why invest in miners when you already possess the coin? This is the question that discerning traders must consider.
Holding equity in operations like Bitmine allows BlackRock to strategically leverage Bitcoin’s success without incurring custody fees linked to direct coin ownership.
This increase in stake suggests that BlackRock perceives the sector as currently undervalued in relation to its future cash flow potential.
Moreover, this aligns with a broader trend of established players claiming positions in the digital asset market. Similar aggressive actions are being observed elsewhere, such as Goldman Sachs disclosing substantial crypto holdings.
Wall Street is no longer merely testing the waters; they are purchasing the entire pool.
BlackRock is promoting bitcoin vigorously
CEO states it needs to be included in portfolios for uncorrelated returns pic.twitter.com/qZTONy8eOF— Crypto Tea (@Cryptotea) September 19, 2024
What Traders Should Monitor Next
Keep an eye on two factors in the upcoming weeks:
- Sector Correlation: Will Bitmine’s stock price start to diverge from daily BTC fluctuations due to this institutional backing?
- Global Sentiment: This Western accumulation coincides with a bullish crypto sentiment emerging in Hong Kong, indicating a coordinated global interest in crypto assets is developing.
Disregard the minute-by-minute price movements and focus on the whales. When BlackRock acquires 9 million shares, they are not planning to sell next week.
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