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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.
Aug 28, 2025, 8:48 a.m.
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.
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