- Bank of America lifted BMNR stock holdings by 1,668% in Q4 2025, reaching $85.8 million in reported value.
- Royal Bank of Canada increased BMNR stock exposure by 121%, signaling continued institutional positioning.
- Tom Lee compared current crypto sentiment to 2018 and 2022 bear market conditions.
BMNR stock drew renewed institutional attention after major North American banks expanded positions in Q4 2025. Regulatory filings show aggressive accumulation despite BitMine’s reported paper losses and continued weakness across the broader crypto market.
Bank of America Expands Position in Bank of America
Fresh 13F filings submitted to the SEC reveal that Bank of America sharply increased its exposure to BitMine Immersion Technologies, Inc..
As of December 31, 2025, the bank held 3,162,085 BMNR stock shares. The reported market value stood near $85.8 million at quarter-end.
That figure represents a 1,668% quarter-over-quarter surge from 178,808 shares previously disclosed. The scale of the increase indicates a rapid portfolio shift from a relatively small base.
However, updated valuations suggest the current position is worth approximately $66.28 million. This decline reflects price weakness after year-end.
BMNR stock closed at $20.15, down 3.86% on the day. The stock’s 52-week range spans from $3.20 to $161.00, reflecting extreme swings.
Royal Bank of Canada Raises BMNR Stock Exposure
Royal Bank of Canada also expanded its position in BMNR stock during the fourth quarter. The bank increased holdings by 121.73% compared to the previous filing.
RBC reported ownership of 764,797 shares valued at roughly $20.76 million as of December 31, 2025. The prior quarter showed 344,929 shares.
Current estimates place the position’s value near $16.03 million, reflecting a softer share price since year-end. The adjustment mirrors broader crypto-linked equity volatility.
These increases came even as BitMine recorded paper losses approaching $8 billion. Market participants noted that purchases likely occurred before January’s intensified downturn.
A widely circulated X post summarized the 13F data, confirming both banks’ expanded stakes. The filings were disclosed publicly on February 17, 2026.
Institutions managing over $100 million in assets must submit 13F reports quarterly. Data aggregators such as Fintel and HedgeFollow compiled the records.
Crypto Sentiment and Institutional Positioning
BitMine continued accumulating Ethereum during the downturn. Reports indicate a recent ETH purchase valued at approximately $92.4 million at current prices.
This activity contrasts with other firms reducing exposure. Trend Research reportedly liquidated its entire Ethereum holdings during the same period.
Investor focus also turned to comments from Tom Lee, chairman of BitMine. In a statement shared on X, he compared present sentiment to prior bear cycles.
Lee referenced conditions similar to the 2018 crypto winter and the November 2022 lows. He described investor enthusiasm as being near historic lows.
At the same time, he noted an absence of major institutional failures. He attributed weakness to price shocks and deleveraging seen in early October.
Separately, BlackRock increased its BitMine stake by 165%, according to filings. Institutional participation in BMNR stock, therefore, remains active despite volatility.