JPMorgan acquires stake in leading Ethereum reserve Bitmine, holding position valued at $102 million

According to ChainCatcher, citing Jinse Finance, JPMorgan's 13F-HR holdings report submitted to the U.S. SEC on November 7 shows that as of September 30, the bank held 1,974,144 shares of Bitmine Immersion Technologies, the world's largest Ethereum reserve company, with a market value of $102 million. Bitmine was originally a bitcoin mining company and will transform into an Ethereum reserve company in 2025. It currently holds more than 3.24 million Ethereum, maintaining its position as the world's largest reserve.