The world’s largest asset management company, BlackRock, continues to strengthen its presence in the cryptocurrency sector. According to Jinse Finance and information published by analyst @SweatyKodi, BlackRock has significantly increased its stake in Bitmine Immersion Technologies, raising its holdings to 9,049,912 shares.
The growth is truly remarkable: compared to the previous quarter, BlackRock’s stake in the company rose by 165.6%. According to the latest 13F filing, which institutional investors submit to the U.S. Securities and Exchange Commission (SEC), the market value of this position is estimated at approximately $246 million.
Bitmine Immersion Technologies is a company linked to mining infrastructure and technological solutions in the digital asset space. Its business sits at the intersection of the cryptocurrency market and energy innovation, making such projects especially attractive to major players seeking strategic positions in a rapidly developing industry.
The increased stake by BlackRock, which manages around $14 trillion in assets, is seen by the market as another signal that institutional investors are not merely “watching” the crypto industry, but are gradually turning it into part of their long-term investment strategies.
Experts note that such moves highlight the growing interest of major financial institutions in companies that could benefit from the expansion of crypto infrastructure and the deeper integration of digital assets into the global economy.
In fact, BlackRock continues to confirm a trend of recent years: cryptocurrencies and related technologies are increasingly moving beyond a niche market for enthusiasts and becoming a sector seriously considered by the world’s largest investment giants.
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