Share this article
Ark Invest Dumps $12M Coinbase Shares After Loading Up on Ether Treasury Firm Bitmine
It also sold 11,262 shares of Robinhood (HOOD), worth around $1.1 million based on Robinhood's last close.
Updated Jul 25, 2025, 5:10 a.m. Published Jul 25, 2025, 4:41 a.m.
What to know:
- Last week, Ark invested $116 million into the Peter Thiel-backed ether treasury firm, Bitmine Immersion Technologies.
- It also sold 11,262 of Robinhood (HOOD) shares, worth around $1.1 million based on Robinhood's last close.
Ark Invest, the investment firm led by Cathie Wood, offloaded $12 million worth of Coinbase (COIN) on Thursday, continuing the trend of taking profit from its investment in the crypto exchange.
Recently, Ark has been selling its Coinbase stake and diversifying into other crypto plays. Last week, the firm invested $116 million into the Peter Thiel-backed ether treasury firm, Bitmine Immersion Technologies (BMNR).
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The investment firm sold a total of 30,501 COIN shares from its two funds. It also sold 11,262 shares of Robinhood (HOOD), worth around $1.1 million based on Robinhood's last close on Thursday.
In addition to Coinbase and Robinhood, Cathie Wood's firm also offloaded 123,169 shares of Jack Dorsey's Block Inc (XYZ), worth around $10 million, and 28,906 shares of its own bitcoin ETF (ARKB), worth around $1.1 million.
Read more: ARK Invest Sells $8.64M Coinbase Stake After Crypto Exchange's Shares Rally to Record
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
Crypto's 'Best Days Are Ahead': Tom Lee's Bitmine Immersion Adds $320M of Ether
The company is likely sitting on about $3 billion in unrealized losses on its holdings of nearly 4 million ether tokens.
What to know:
- BitMine Immersion Technology (BMNR) acquired 102,259 ether last week, valued at around $320 million, increasing its holdings to nearly 4 million tokens.
- The company currently has about $3 billion in unrealized losses on its ETH investments.
- Chairman Thomas Lee expressed optimism about the future of crypto, citing positive legislation and Wall Street support as reasons for continued accumulation.
Top Stories
