BlackRock and ARK Invest Scoop Up Bitmine at Lows, Expanding Digital Asset Exposure

▲ BlackRock, Ark Invest, BitMine, Bitcoin (BTC), Ethereum (ETH) / ChatGPT-generated image

BlackRock and Ark Invest, two of the world’s largest global asset managers, are sending a strong bottom-buying signal to the market by significantly increasing their stakes in virtual asset mining and technology firm BitMine Immersion Technologies (BMNR, hereafter BitMine).

According to cryptocurrency media outlet Benzinga on February 15 (local time), BlackRock, the world’s largest asset manager, disclosed that it increased its holdings in BitMine from 3.4 million shares to 9 million shares, a 165.6% surge. Based on BlackRock’s 13F-HR filing, the stake was valued at $245.7 million as of December 31, 2025. Ark Invest, led by Cathie Wood, also expanded its crypto exposure by purchasing an additional 212,314 shares of BitMine worth approximately $4.2 million through three ETFs.

Despite the recent decline in Ethereum (ETH) prices, BitMine has continued its aggressive accumulation strategy, securing overwhelming on-chain dominance. Over the past week alone, BitMine acquired an additional 40,613 ETH. As of February 8, the company held a total of 4,325,738 ETH, representing a substantial 3.58% of Ethereum’s total global supply. In addition, BitMine reportedly holds 193 BTC and a $200 million stake in Beast Industries.

BitMine’s portfolio is diversified beyond digital assets, comprising various strategic holdings. The company has invested $19 million in Eightco Holdings and maintains cash liquidity of $595 million. Despite unrealized losses caused by the sharp drop in Ethereum prices, BlackRock and Ark Invest’s decision to expand their stakes is interpreted as a strong vote of confidence in the intrinsic value of BitMine’s assets and its long-term growth potential.

Amid the broader downturn in the virtual asset market, BitMine’s management remains optimistic about market fundamentals. Chairman Tom Lee recently assessed that Ethereum’s weakness stems from non-fundamental factors rather than structural issues with the asset itself. He explained that leverage has not fully recovered since the $19 billion liquidation event in the market last October, and that capital flows into precious metals such as gold and silver have temporarily dampened risk appetite for digital assets.

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