Morgan Stanley Leads Institutional Accumulation in BitMine as Shares Slump through Q4 2025
Major financial institutions increased their exposure to BitMine Immersion Technologies (BMNR) even as the shares declined about 48% in Q4 2025 and roughly 60% over the prior six months. The accumulation clustered among a small set of large holders, reinforcing BMNR’s positioning as an equity proxy for Ethereum exposure paired with staking yield.
Tom Lee’s BitMine Amassed 4.24M ETH, Taking Control of ~3.5% of Supply as Treasury Tops $12.8B
BitMine Immersion Technologies, chaired by Tom Lee, reported holdings of 4,243,338 Ethereum (ETH) as of January 25, 2026, which it characterized as roughly 3.52% of Ethereum’s circulating supply. The disclosure frames BitMine as a highly concentrated corporate holder whose $12.8 billion treasury footprint carries both market impact and compliance ramifications.