Will $2.3B options expiry jolt Ethereum price from key strike levels?
The post Will $2.3B options expiry jolt Ethereum price from key strike levels? appeared on BitcoinEthereumNews.com.
Ethereum price continues to lag its 2021 peak as institutions rotate cautiously into ETH exposure while weighing ETF flows, on-chain activity, and broader macro risk. Summary BlackRock lifts its Bitmine stake 166% to $246M, doubling down on a levered Ethereum price proxy even as ETH trades ~60% below its peak and Bitmine stock is down ~70%. Vitalik Buterin and Stani Kulechov recently sold millions in ETH while BlackRock and Goldman Sachs add exposure via Bitmine and Ethereum ETFs, treating the drawdown as opportunity. BlackRock’s thesis leans on Ethereum’s dominance in tokenized real‑world assets, with Larry Fink calling tokenization “necessary” as BTC, ETH and SOL trade as high‑beta macro risk proxies. BlackRock is leaning into the pain on Ethereum (ETH) price, quietly ramping up its exposure to Bitmine even as blue‑chip crypto names slide and prominent insiders head for the exits. BlackRock’s leveraged Ethereum bet According to a 13F‑HR filing collated by Fintel, BlackRock’s Bitmine stake jumped 166% in Q4 2025 to about $246 million, cementing the asset manager as a key backer of the Ethereum‑heavy treasury vehicle. Bitmine, the second‑largest digital asset treasury firm and a levered proxy on Ether, has seen its own stock price crater nearly 70% over six months to roughly $20 per share. The move drew an approving response from Bitmine chair Tom Lee, who has publicly floated a $250,000 price target for Ethereum and responded with clapping emojis to the disclosure in a post on X. BlackRock’s buying spree lands as Ethereum trades just under $2,000, roughly 60% below its August peak, with Standard Chartered’s Geoffrey Kendrick warning the token could drop a further 25% toward $1,400. “The best investment opportunities in crypto have presented themselves after declines,” Lee said on Monday, after Bitmine added another $80 million of Ether to its already underwater position, which is…
Filed under: News - @ February 13, 2026 2:25 pm