Share this article
ARK Invest Buys the Dip on Ether Strategy Firm BitMine With $18.6M Purchase
Cathie Wood's investment firm added a total of 529,366 BMNR shares to its Innovation and Next Generations Internet ETFs
Jul 29, 2025, 11:20 a.m.
What to know:
- ARK Invest bought $18.6 million worth of shares in ether treasury firm BitMine Immersion Technologies on Monday.
- BitMine has positioned itself as one of the largest corporate accumulators of ether in recent months.
- ARK also sold just under $7 million of Coinbase shares and $15 million worth of shares Jack Dorsey's fintech company, Block.
ARK Invest bought $18.6 million worth of shares in ether treasury firm BitMine Immersion Technologies (BMNR).
Cathie Wood's investment firm added a total of 529,366 BMNR shares to its Innovation (ARKK) and Next Generations Internet (ARKW) exchange-traded funds (ETFs) on Monday, according to an email notification.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
BMNR fell more than 11.8% to $35.11 and is now down some 74% since spiking to $135 early this month.
BitMine has positioned itself as one of the largest corporate accumulators of ether in recent months, amassing more than 300,000 ETH worth over $1 billion.
Numerous companies have adopted a strategy of building an Ethereum treasury, copying the playbook of Michael Saylor's Strategy (MSTR) with bitcoin.
Among other factors, this has helped ignite a breakout in ETH's price, which has gained around 57% in July to almost $3,900, according to CoinDesk data.
ARK also sold just under $7 million of Coinbase (COIN) shares and $15 million worth of Jack Dorsey's fintech company Block (XYZ), based on Monday's closing prices.
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’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
