Morgan Stanley and other top institutional investors raised exposure to BitMine Immersion Technologies stock during Q4 2025, despite a 48% drop in share price. Morgan Stanley increased its position by 26% to 12.1 million shares, while ARK Investment Management added 27% to reach 9.4 million shares, according to US SEC filings. Other institutions, including BlackRock, Goldman Sachs, Vanguard, and Bank of America, also expanded holdings.
The accumulation reflects ongoing Wall Street interest in BitMine’s Ether treasury strategy. Institutional support has helped maintain the company’s market net asset value (mNAV) above 1, ensuring capital-raising flexibility and continued cryptocurrency purchases despite broader market weakness.
BitMine recently added 45,759 Ether for about $260 million, bringing total holdings to 4.37 million Ether, valued at roughly $8.69 billion. The purchases reinforce the firm’s position as the largest corporate Ether holder and highlight sustained institutional demand amid market volatility
