JPMorgan Chase Invests $102 Million in BitMine, Boosting Ethereum’s Market Position

JPMorgan Chase has taken a significant step in the Ethereum ecosystem with a substantial investment of nearly $102 million in BitMine Immersion Technologies. This move is documented in an SEC filing, solidifying JPMorgan’s commitment to the blockchain and its regulatory landscape. 3.24 million ETH, representing over 2% of Ethereum’s total supply, are held by BitMine, highlighting their substantial influence within the market.