Bank of America Boosts BitMine Stake Nearly 17-Fold to 3.1 Million Shares

The U.S. banking giant significantly expands its investment in BitMine, the largest corporate holder of Ethereum, according to a recent SEC filing.

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Terms & Concepts
  • 13F filing: A quarterly report required by the SEC (U.S. securities regulator) for institutional investment managers to disclose their holdings.
  • Ethereum (ETH): A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications.
  • Corporate holder: An organization or company that owns significant quantities of a financial asset, such as cryptocurrency, for investment purposes.