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ARK Invest Buys $15.6M Shares of Ether Treasury Firm Bitmine

Bitmine is one of the largest corporate holders of ether, having purchased over 1.7 million ETH, worth just under $8 billion at current prices.

By Jamie Crawley|Edited by Sheldon Reback
Aug 28, 2025, 8:48 a.m.
Cathie Wood, CEO of ARK Invest, at Consensus 2024. (Suzanne Cordiero)
ARK Invest bought $15.6 million of ether treasury company Bitmine Immersion Technologies. (Suzanne Cordiero)

What to know:

  • ARK Invest bought $15.6 million shares of ether treasury company Bitmine Immersion Technologies.
  • The St. Petersburg, Florida-based investment manager added a total of 339,113 BMNR shares to three of its ETFs.
  • BMNR shares fell 7.85% to $46.03 on Wednesday.

ARK Invest bought $15.6 million shares of ether treasury company Bitmine Immersion Technologies (BMNR) on Wednesday.

The St. Petersburg, Florida-based investment manager added a total of 339,113 BMNR shares to three of its exchange-traded funds (ETFs) — Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF) — according to an emailed notification.

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Bitmine shares fell 7.85% to $46.03 on Wednesday.

The company, led by Fundstrat's Tom Lee, is one of the largest corporate holders of ether, having purchased over 1.7 million tokens, worth just under $8 billion at current prices.

The Cathie Wood-led Ark Invest often loads up on shares in companies when their shares take a hit and offloads them when they've enjoyed a surge to maintain its targeted weighing of different holdings within its ETFs.

ARK InvestBitmineEthereum Treasury

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