JP MORGAN CHASE(US:JPM) Xin Lang Cai Jing·2025-11-08 04:25Core Insights - Morgan Stanley disclosed in its 13F-HR filing to the SEC on November 7 that as of September 30, it held 1,974,144 shares of Bitmine Immersion Technologies, valued at $102 million [1] - Bitmine, originally a Bitcoin mining company, transitioned to an Ethereum reserve company in 2025 and currently holds over 3.24 million ETH, maintaining its position as the largest ETH reserve globally [1] Group 1 - Morgan Stanley's investment in Bitmine represents a significant stake in the Ethereum sector [1] - The transition of Bitmine from Bitcoin mining to Ethereum reserves indicates a strategic shift in the company's focus and market positioning [1] - Bitmine's current holdings of over 3.24 million ETH highlight its dominance in the Ethereum reserve market [1]