# JP Morgan Buys $102m BMNR Shares

> J.P. Morgan acquired 1,974,144 shares of BitMine Immersion Technologies Inc. (BMNR), the world’s largest Ethereum treasury company.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2025-11-08
**Categories:** news, 2025, november2025
**URL:** https://ethdaily.io/819

## Content

Quick TakeJP Morgan buys $102m worth of BMNR.Alchemy releases its V2 faucet.Hoodi testnet activates BPO1.EthereumJS v10.1.0 release.JP Morgan Buys $102m BMNR SharesListen to this episode from ETH Daily - Crypto News on Spotify. JP Morgan buys $102m worth of BMNR shares. Alchemy releases its V2 faucet. And the Hoodi testnet activates BPO1. Read more: https://ethdaily.io/819 Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.https://spotify.comJP Morgan Buys $102m BMNR SharesJ.P. Morgan acquired 1,974,144 shares of BitMine Immersion Technologies Inc. (BMNR), the world’s largest Ethereum treasury company. BitMine currently holds 3.4 million ETH, valued at approximately $11.6 billion. The acquisition positions J.P. Morgan among BitMine’s largest institutional shareholders. Meanwhile, ARK Invest, led by Cathie Wood, increased its position by 240,000 shares, bringing its total holdings to over 6.58 million BMNR shares. Chaired by Tom Lee, BitMine is halfway toward its goal of acquiring 5% of the total Ethereum supply as part of its long-term accumulation strategy to increase ETH per share.Alchemy Releases V2 FaucetBlockchain infrastructure provider Alchemy launched version 2 of its testnet faucet, a tool that allows developers to obtain free testnet tokens for application and smart contract testing. Testnets simulate mainnet environments without incurring actual costs. The new release removes the requirement to authenticate with an X account. The faucet supports 17 testnets, including Ethereum Sepolia, Arbitrum Sepolia, Optimism Sepolia, Base Sepolia, ZKsync Sepolia, and Polygon Amoy. To receive tokens, developers need to create an Alchemy account, enter their wallet address, and select a desired network. Tokens are automatically distributed within 24 hours.Hoodi Testnet Activates BPO1Hoodi, an Ethereum testnet built for testing staking infrastructure, successfully executed its first Blob-Parameter-Only (BPO) fork in preparation for the upcoming Fusaka mainnet upgrade. BPO forks are lightweight, automated forks that adjust blob targets and limits. In the first fork, the blob target was increased to 10 and the maximum set to 15, expanding blob capacity and lowering Layer 2 transaction costs.Other NewsEthereumJS v10.1.0 releaseChaos: DeFi’s Contagion LoopNoice launch pad docsBase hits 125 Mgas/s limitClanker fees allocated to creatorsVitalik: Galaxy brain resistanceSamurai dev sentenced to 5yrsDisclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

## Publication Information

- [ETH Daily](https://ethdaily.io/): Publication homepage
- [All Posts](https://ethdaily.io/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@ethdaily): Subscribe to updates
- [Twitter](https://twitter.com/intent/follow?screen_name=ethdaily): Follow on Twitter