BlackRock buys up Bitmine shares as Ethereum threatens to fall to $1,400 price

BlackRock is doubling down on Ethereum by buying up more Bitmine shares during the market dip, the firm disclosed on Thursday. The asset manager’s Bitmine holdings surged by 166% to $246 million in the fourth-quarter of 2025, according to a 13F-HR form filed with the SEC, Fintel data shows. Tom Lee, the chair of Bitmine who predicts $250,000 per Ethereum, commented on the move with clapping emojis in a post on X. BlackRock’s big vote of confidence comes as Ethereum’s price has fallen by 60% from its Au ...