Share this article
Cathie Wood’s ARK Loads Up on Ether Treasury Bet Bitmine Immersion
ARK Invest deepens its ether exposure, buying 4.4 million shares of Tom Lee- and Peter Thiel-backed Bitmine Immersion Technologies, while trimming its holdings in Coinbase, among others.
Updated Jul 22, 2025, 1:46 p.m. Published Jul 22, 2025, 7:18 a.m.
What to know:
- ARK Invest has purchased 4.4 million shares of Bitmine Immersion Technologies, marking a $116 million investment in the Ethereum treasury firm.
- Bitmine, led by Tom Lee, has become one of the largest corporate holders of ETH, with plans to stake up to 5% of ether total supply.
- ARK also sold 218,986 shares of Coinbase, valued at $90.6 million, amid rising interest in Ether as a balance-sheet asset.
As ether continues its record-setting rally, Cathie Wood's ARK Invest is making a bold bet on an ETH treasury play.
The asset manager purchased 4.4 million shares of Bitmine Immersion Technologies (BMNR) across its ETFs on Monday, according to trade disclosures, marking a $116 million investment into the Peter Thiel-backed Ethereum treasury firm.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
ARK’s flagship Innovation ETF (ARKK) received the bulk of the allocation with nearly 2.9 million shares.
The move comes as Bitmine, helmed by Fundstrat’s Tom Lee, cements its position as one of the largest corporate holders of ETH. The company has amassed over 300,000 ETH, worth more than $1 billion, and plans to stake up to 5% of Ethereum’s total supply.
It’s a pivot that’s drawn comparisons to MicroStrategy’s bitcoin strategy and ignited investor interest in ether as a balance-sheet asset.
Aside from the move into BMNR, ARK sold 218,986 shares of Coinbase (COIN) across its ETFs, a sale valued at $90.6 million. The crypto exchange had just posted an all-time high above $437 after the U.S. House passed sweeping legislation establishing a federal framework for stablecoins and digital assets.
ETH is currently trading above $3600, according to CoinDesk markets data. Ether is up nearly 44% in the last two weeks.
Read more: Tom Lee Sees Ether Hitting $15K, With Ethereum Emerging as Wall Street's Favored Blockchain
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
What to know:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
