BlackRock increases the investment in Bitmine by 166%.

BlackRock also increased its hold in the Bitmine of Tom Lee to $246M according to Q4 filings. This is a good sign in the long-term $ETH story as the institutions are accumulating assets during the dip. Remember, however, these figures are end of year.

We will only know in a few months what Larry Fink will do after the Bitmine loss of $8B on $ETH and the drop of shares by 34 percent.

That will indicate the seriousness of the Ethereum bet of BlackRock.

ETH
ETHUSDT
1,954.13
-1.41%