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💼 BlackRock ramps up stake in Bitmine by 166%
According to Q4 filings, BlackRock’s position in Tom Lee’s Bitmine rose to $246M. For the long-term ETH$ETH story, this is optimistic - institutions are picking up assets on the dip. But keep in mind: these numbers are from the end of the year.
What Larry Fink did after Bitmine lost $8B on ETH$ETH and shares fell 34% - we’ll only know in a couple of months.
That will show how serious BlackRock’s bet on Ethereum really is.
#ETH #ETHBlockchain #ETHFoundation
$ETH