BlackRock Loads Up on Bitmine as $1,400 Ethereum Target Looms

BlackRock is not acting like it is scared. While headlines warn that Ethereum price could slide toward $1,400, the asset management giant quietly boosted its stake in Bitmine Immersion Technologies by 166% in Q4. That is not cautious behavior. The position is now worth around $246 million. That is a serious bet on crypto infrastructure, especially tied to the Ethereum ecosystem. The timing stands out. Prices are shaky, and sentiment is nervous. Yet BlackRock is increasing exposure while others debate wh ...