Paul Johnson Morgan Stanley and other major institutions increased their Bitmine exposure even as crypto markets plunged, signaling Wall Street’s growing faith in the leading Ethereum treasury company.
Morgan Stanley and Wall Street Giants Boost Bitmine Exposure Despite Market Selloff
Amid a turbulent crypto market, Wall Street institutions are quietly doubling down on Bitmine exposure. Despite a steep decline in Bitmine Immersion Technologies’ stock price, major players such as Morgan Stanley, ARK Invest, and BlackRock have expanded their positions, signaling growing institutional confidence in the world’s largest Ethereum treasury company.
Morgan Stanley Increases Bitmine Exposure by 26 Percent
Morgan Stanley’s latest regulatory filings show a decisive vote of confidence in Bitmine. The banking titan lifted its Bitmine exposure by roughly 26 percent in the fourth quarter of 2025, amassing over 12 million shares valued at approximately 331 million dollars. The move comes during one of the toughest quarters for the broader crypto market, suggesting that Morgan Stanley views Bitmine’s long-term Ethereum holdings as a strategic hedge rather than a speculative bet.
ARK Investment Management, led by Cathie Wood, followed suit with a 27 percent increase, taking its total position to 9.4 million shares valued at 256 million dollars. Both firms have a track record of identifying early trends in technology and digital assets, and their continued accumulation of Bitmine exposure adds fresh credibility to the asset’s institutional appeal.
BlackRock and Goldman Sachs Lead a Surge in Institutional Accumulation
The story does not end with Morgan Stanley. A host of Wall Street giants joined the accumulation trend. BlackRock raised its stake by 166 percent, while Goldman Sachs increased its holdings by an eye-catching 588 percent. Vanguard and Bank of America also expanded their Bitmine exposure by 66 percent and 1,668 percent respectively.
This widespread accumulation is remarkable given that Bitmine’s share price dropped nearly 48 percent during the fourth quarter. Yet, every major institutional holder among the top eleven increased their stake, according to official filings. The list includes Charles Schwab, Van Eck, Royal Bank of Canada, Citigroup, and the Bank of New York Mellon Corporation.
Such consistent activity across multiple financial heavyweights suggests a shared belief in the company’s underlying Ethereum strategy. For many institutions, Bitmine exposure represents a direct pathway to Ethereum ownership without dealing with on-chain custody or regulatory hurdles.
Institutional Support Keeps Bitmine’s Market Value Steady
The strong institutional demand has played a critical role in maintaining Bitmine’s financial flexibility. Analysts closely watch its market net asset value, or mNAV, which compares the enterprise value of the company to the value of its crypto holdings.
If mNAV drops below one, companies often struggle to raise additional capital. However, Bitmine’s steady institutional inflows have helped it maintain an mNAV above one, signaling that it still enjoys a healthy balance between its market capitalization and Ethereum reserves.
This stability provides Bitmine with leverage to continue its strategic Ether accumulation program. Over the past week alone, the company purchased 45,759 Ether for about 260 million dollars at an average price of 1,992 dollars per coin.
Bitmine Expands Its Ethereum Treasury Amid Market Turmoil
Bitmine now stands as the largest corporate Ethereum holder globally, with a total of 4.37 million Ether valued at around 8.69 billion dollars. The company’s ongoing purchases suggest a high-conviction view that Ethereum remains undervalued despite market volatility.
Institutional investors appear to share this perspective. By increasing their Bitmine exposure during a downturn, firms like Morgan Stanley and ARK Invest are effectively betting that Ethereum’s long-term fundamentals will outlast short-term bearish sentiment.
The company’s operational model focused on immersion cooling technology and efficient Ethereum storage continues to attract strategic interest from asset managers seeking diversified crypto exposure.
Wall Street’s Message: Long-Term Confidence in Ethereum
The coordinated increase in Bitmine exposure by top Wall Street institutions underscores a powerful narrative: traditional finance is not retreating from crypto. Instead, it is embedding itself deeper into the digital asset ecosystem through structured corporate vehicles like Bitmine.
Even as prices fluctuate and sentiment swings, institutional investors are reinforcing the bridge between legacy finance and decentralized networks. For them, Bitmine exposure offers a regulated, high-liquidity avenue to tap into the Ethereum economy.
As the broader market awaits Ethereum’s next major upgrade cycle, Bitmine’s deep-pocketed backers appear positioned for potential upside. The quiet accumulation by these financial giants could be setting the stage for a renewed institutional wave in 2026.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
