Bitmine Shares Slide 66% to $20 as BlackRock Raises Stake 166%
Bitmine’s share price has declined 66% since September to $20, reflecting over $8 billion in unrealised losses as Ethereum crashed 50% since October’s mass liquidation. BlackRock boosted position by 166% to $246 million in Q4 2025, while tokenisation deals drive Tom Lee’s forecast of an Ethereum price rebound in March.
1. Bitmine’s Market Performance
Bitmine’s share price has plunged 66% since September, trading around $20 per share as Ethereum’s value fell over 50% following October’s mass liquidation event. The downturn has generated more than $8 billion in unrealised losses on the firm’s digital asset holdings.
2. BlackRock’s Increased Investment
During the fourth quarter of 2025, BlackRock boosted its stake in Bitmine by 166% to $246 million, capitalizing on the discounted share price. This move highlights institutional confidence in the company’s long-term position despite current market volatility.
3. Tokenization Drives Ethereum Outlook
Tom Lee of Bitmine cites tokenization efforts by financial institutions and growing corporate blockchain initiatives as catalysts for an Ethereum price rebound. These developments underpin Lee’s forecast for an Ethereum rally in March, which could positively impact Bitmine’s treasury value.