Bank of America Raises Stake in Bitmine Immersion by 1,668% to $85.8M
Bank of America increased its stake in Bitmine Immersion Technologies by 1,668% in Q4 2025, acquiring 3,162,085 shares worth $85.8 million, up from 178,808. The crypto winter has pushed Ethereum down 35% over three months, dragging the company’s stock down 37% despite its 4,371,497 ETH (3.62% of supply) holding.
1. Major Stake Increase in Q4 2025
Bank of America raised its shareholding in Bitmine Immersion Technologies from 178,808 shares to 3,162,085 shares in Q4 2025, a 1,668% increase valued at $85.8 million as reported in its latest 13F filing.
2. Ethereum Treasury Model and Holdings
Bitmine Immersion shifted focus from Bitcoin mining to an Ethereum treasury strategy after appointing Tom Lee as chairman, currently holding 4,371,497 ETH, equivalent to 3.62% of total supply, with a target to reach a 5% stake within seven months.
3. Market and Stock Performance
Ethereum has lost 35% over the past three months during the ongoing crypto winter, which has weighed on Bitmine Immersion’s stock, down 37% over the same period, reflecting broader market volatility despite institutional support.