Based on Coinpedia, JPMorgan has invested $102 million in Bitmine Immersion Technologies, a company holding over 3.24 million Ethereum (ETH) tokens. The investment, disclosed in a November 7 SEC filing, marks JPMorgan's indirect entry into the Ethereum market, signaling growing institutional confidence in the cryptocurrency. Bitmine shifted from Bitcoin mining to Ethereum accumulation in 2025, positioning itself as a major corporate ETH holder. JPMorgan's move reflects broader Wall Street interest in Ethereum, especially with the approval of U.S. spot Ethereum ETFs and increasing institutional adoption.
JPMorgan Invests $102M in Ethereum via Bitmine Stake
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