New filings have revealed that some main banks have elevated their holdings within the BMNR inventory, even with the latest losses recorded by BitMine. The companies concerned embody Financial institution of America (BOA) and the Royal Financial institution of Canada (RBC).
BOA, RBC Improve BMNR Inventory Holdings
In latest This autumn filings launched on Tuesday, it was revealed that Financial institution of America and Royal Financial institution of Canada purchased extra of BitMine’s shares.
BOA reportedly recorded a 16 occasions improve from quarter to quarter in its funding within the treasury agency over the course of the yr. As of December 31, 2025, the financial institution held 3,162,085 BMNR inventory shares, that are price round $85 million.
However, RBC reported a 1.21x improve in its quarter-over-quarter progress. This was additionally price round $20.7 million. This comes regardless of the Ethereum treasury agency at the moment going through paper losses of about $8 billion. One may additionally make the case that the banks made the acquisition in December earlier than the crypto market crash worsened in January.
Additionally, the Banks might be betting on the agency’s resilience to maintain accumulating Ethereum. Simply yesterday, CoinGape reported that BitMine purchased extra ETH, price at $92.4 million primarily based on as we speak’s market costs.
This exhibits the agency might be bullish on a long-term foundation, which may enhance its BMNR inventory, which has been struggling to take care of an upward momentum.
This can be a full reversal of technique in comparison with different companies available in the market. For example, Development Analysis accomplished liquidating its complete Ethereum holdings. So as to add, Peter Thiel lately cashed out his stake within the Ethereum treasury agency ETHZilla.
Tom Lee Says 2026 Sentiment Much like Previous Bear Markets
Chairman Tom Lee mentioned in an announcement that the sentiment within the crypto market is extra within the panic zone. He additionally said that it’s just like the bear market scenario in 2018 and 2022. However he mentioned that this time round, there have been no important failures of the massive market individuals as seen within the accumulation of the BMNR inventory.
“Investor sentiment and enthusiasm are all-time low, reminding us of the forlornness and dejection seen on the November 2022 lows and depths of 2018 crypto winter,” he mentioned. “Relatively, it looks like crypto has remained weak because the ‘worth shock’ and big deleveraging seen on October tenth.”
One other instance is asset supervisor BlackRock which boosted its BitMine stake by 165%. This exhibits institutional participation has but to fade utterly.
Lee additionally maintained that the value of ETH remains to be very undervalued. He added that the agency would proceed to purchase much more of the token by what he known as crypto’s “mini-winter.”
