Bank of New York Mellon Corp established a new position in Oklo Inc. during the second quarter. The institution purchased 468,802 shares valued at approximately $24.5 million. This acquisition represents a 0.27% stake in the advanced nuclear fission firm. Total institutional ownership in Oklo now stands at 85.03%.
Oklo remains in a pre-revenue stage and reported a net loss for the most recent quarter. The company is positioning itself to power energy-intensive AI data centers. Its development pipeline includes a planned 1.2-gigawatt reactor for Meta in Ohio. BNY Mellon’s entry signals growing institutional interest in the company’s long-term potential despite development-stage risks.