Cathie Wood-led Ark Invest purchased $15.3 million worth of BitMine Immersion Technologies shares across three of its exchange-traded funds on Tuesday, a day after acquiring $20 million worth of shares in the company.
In its Tuesday trading disclosure, the firm reported that the ARK Innovation ETF (ARKK) purchased 323,186 shares of BitMine, while the ARK Next Generation Internet ETF (ARKW) acquired 104,244 shares. The ARK Fintech Innovation ETF (ARKF) also bought 50,068 BitMine shares.
Meanwhile, the ARKF sold 18,843 shares of Jack Dorsey’s Block Inc., worth $1.47 million, according to the same disclosure.
Ark Invest has been accumulating BitMine shares as it continues to adjust its crypto-related exposure across its portfolio. On Monday, it acquired $20 million worth of BitMine shares across its three ETFs.
Last week, Ark Invest announced that it had purchased 4,773,444 common shares in BitMine, worth $182 million. The same week, BitMine disclosed that its ETH holdings had exceeded $2 billion.
“At BitMine, we surpassed $2 billion in ETH holdings, just 16 days after closing on the initial $250 million private placement,” Thomas Lee, chairman of BitMine’s board of directors, said in the Thursday statement. “We are well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply.”
BitMine’s stock price fell 8.86% to close at $32 on Tuesday, according to Yahoo Finance data. Despite a 20.65% drop over the past five days, the stock remains up 650.29% over the past month.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
