Mirae Asset Global ETFs Holdings Ltd has acquired a substantial position in shares of Bitmine Immersion Technologies, Inc., significantly boosting its exposure to the company during the most recent reporting period.
According to the latest SEC filing data, the institutional ETF arm increased its holdings by acquiring 1,223,201 additional shares, lifting its total stake in Bitmine Ltd to 5,493,643 shares representing over 1% of the firm’s outstanding equity.
This move signals growing institutional interest in Bitcoin and cryptocurrency-related equities as part of diversified investment strategies amid a broader shift toward digital assets.
Bitmine, known for its substantial cryptocurrency treasury including notable holdings of Ethereum and Bitcoin has drawn attention for its strategy of positioning as a crypto treasury firm akin to a “MicroStrategy” model in digital assets.
For Mirae Asset, the investment aligns with its larger global expansion in ETFs and thematic exposure to emerging financial technologies, complementing its expanding suite of exchange traded products and digital asset infrastructure initiatives.
With the ETF industry continually adapting to include crypto related equities, Mirae’s increased Bitmine position reflects confidence in long term digital asset adoption and institutional demand trends.
