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JPMorgan Discloses $102M Stake in Bitmine Immersion Technologies

JPMorgan Chase held 1,974,144 shares of Bitmine Immersion Technologies valued at $102 million as of September 30, according to a 13F-HR filing submitted to the SEC on November 7. Bitmine, formerly a Bitcoin mining operation, transitioned to an Ethereum treasury company in 2025 and currently holds over 3.24 million ETH, the largest such reserve globally. The disclosure marks JPMorgan's entry into ownership of the Ethereum-focused entity.
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