Sumitomo Mitsui Trust Group Inc. acquired a new position in Bitmine Immersion Technologies (BMNR). A 13F filing with the SEC, reported on January 13, 2026, confirmed the purchase.
The institution purchased 3,784,639 shares during the third quarter. This stake is valued at approximately $196.5 million, representing about 1.35% of the company.
This significant institutional investment follows recent updates regarding BMNR’s substantial Ethereum treasury. The company currently holds over 4.16 million ETH.
The move by Sumitomo validates BMNR's strategy of accumulating crypto assets. It also supports the company's plans to launch its dedicated staking infrastructure, MAVAN, in the first quarter of 2026.