JPMorgan bought 100 million ETH related stocks
Yesterday, I came across the news about its holdings in Bitmine. My first reaction was not that a large institution had entered the market again, but that Bitmine's transformation was perfectly timed.
From a Bitcoin miner to an Ethereum reserve company, holding 3.24 million ETH and surprisingly being noticed by Wall Street giants. This signal is much more substantial than just a few points of increase.
Having played in the crypto space for eight years, I understand the nature of large institutions very well. They never blindly buy concept stocks, especially like JPMorgan, which used to be very cautious about the crypto space. Now they are willing to hold $102 million, with the core being Bitmine's hard asset ETH reserves.
This is different from the logic of institutions chasing Bitcoin ETFs back in the day. Now, the focus is on Ethereum reserve targets, indicating that the long-term value of ETH is recognized even by traditional finance circles.
Sharing two practical insights for ordinary people; don't just look at the news excitement.
First, when looking at transformation targets, focus on core assets like Bitmine transitioning to ETH reserves. We need to consider whether the ETH they hold is a true reserve or if it has been pledged or misused.
Second, check institutional holdings more than once.
The data from JPMorgan this time is from September 30. We can go to the SEC's EDGAR system, search for Bitmine or JPMorgan, and see if there are any subsequent increases in holdings.
If institutions keep buying as the price drops, that’s a real sign of confidence. If they buy and then sell immediately, it's mostly short-term arbitrage.
I used to think miners were just in a cycle of mining and selling coins. Now with Bitmine transitioning to reserves and large institutions entering, it suddenly feels like the industry is really changing.
It's not about speculating on concepts anymore, but about holding hard assets to earn long-term money. Ordinary people don’t need to follow suit and buy stocks, but they must understand this trend: ETH is no longer just a trading target; even traditional institutions recognize its reserve value now.
After eight years in the crypto space, I've seen too many people chasing trends fail. In contrast, those who focus on the logic of large institutions and hard assets always manage to withstand market fluctuations. There’s no need to rush into following trends; first learn to identify the signals hidden in the news, which is much more reliable than mindlessly watching K-lines.
After all, true opportunities never emerge from price increases; they are voted on by large funds using real money. Being patient to wait will always help you catch your own wave. @阿二说币
