BlackRock and ARK Invest Fuel BMNR Rally with Over $250M in Combined Stakes
Bitmine Immersion Technologies (BMNR) has seen significant institutional buying from BlackRock and ARK Invest, with both firms increasing their stakes in the Ethereum-linked company.
According to Zacks data, analysts have projected over 100% upside for BMNR as a result of this buying activity. In the fourth quarter of 2025, BlackRock increased its stake by 165.6%, adding 5,642,590 shares to its holdings. ARK Invest also purchased 212,314 Bitmine shares across three ETFs, taking its total holdings to over 9.4 million shares.
Cathie Wood, the founder of ARK Invest, remains bullish on BMNR and has been buying the dip. Analysts at Zacks Investment Research have forecast a positive outlook for Bitmine, with an average recommendation falling in the 'strong buy' range. In fact, 75% of covering analysts rated the stock a strong buy.
The increased investments in BMNR come as Ethereum has fallen about 60% from its recent peak in August 2025. As of writing, Ethereum (ETH) traded at around $2,087.46, up by 0.7% in the last 24 hours.