ARK Invest purchased $15.6 million of BitMine Immersion Technologies (BMNR) shares across three ETFs, bringing its total BitMine exposure to over $300 million — a move that reflects ARK’s continued bullish allocation to crypto-related equities and ETH-linked treasury plays.
ARK bought $15.6M of BitMine stock across ARKK, ARKW and ARKF on Wednesday.
ARK’s BitMine stake now exceeds $300 million, nearly half its Coinbase position.
BitMine’s ETH holdings recently reached about $7.5 billion; BMNR is up 490% YTD.
Primary keyword: ARK Invest buys BitMine — ARK invests $15.6M in BMNR; read the latest holdings update and implications. Learn more on COINOTAG.
Published: 2025-08-28 | Updated: 2025-08-28
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ARK Invest’s latest purchase added $15.6 million of BitMine Immersion Technologies (BMNR) shares, increasing ARK’s total BitMine exposure to over $300 million. The trade underscores ARK’s continued allocation to crypto-related equities and firms holding large Ether treasuries.
ARK Innovation ETF (ARKK) bought 227,569 BMNR shares. ARK Next Generation Internet ETF (ARKW) purchased 70,991 shares. ARK Fintech Innovation ETF (ARKF) acquired 40,553 shares. The combined buy equals $15.6 million added on Wednesday.
ARK’s BitMine stake now tops $300 million and sits at roughly half the size of its Coinbase position, which stands near $676 million. ARK has also added sizable allocations to Bullish, Robinhood and Block recently, signaling a broad crypto-equity buying pattern.
BitMine’s value proposition is tied to its ETH treasury holdings, which recently hit about $7.5 billion. ARK’s purchases likely reflect a strategic bet on companies with significant Ether exposure and on broader crypto infrastructure growth.
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Source: https://en.coinotag.com/ark-invests-additional-bitmine-purchases-may-reflect-growing-exposure-to-ether-holdings/