ARK Invest has deepened its position in BitMine Immersion Technologies (BMNR), spending $15.6 million on 339,113 shares across three of its exchange-traded funds.
The purchase was made on 27 August as the stock slipped nearly 8% to $46.03 before dipping further in after-hours trading to $45.01.
Despite the pull-back, BitMine remains one of the year’s most dramatic risers, climbing more than 490% since January.
The filing showed that ARK Innovation ETF (ARKK) bought the largest portion with 227,569 shares, while ARK Next Generation Internet ETF (ARKW) added 70,991 shares and ARK Fintech Innovation ETF (ARKF) took 40,553 shares.
This brings ARK’s total investment in BitMine to more than $300 million, almost half the size of its $676 million Coinbase holding.
ARK trimmed its Coinbase stake slightly last week, selling 5,721 shares.
BitMine has positioned itself as a treasury vehicle for Ether, holding reserves that now stand at 1.71 million ETH worth roughly $7.9 billion, alongside cash and other assets that take its total holdings to $8.82 billion.
Earlier this month, the company disclosed that it had filed with the Securities and Exchange Commission to expand its at-the-market equity programme from $4.5 billion to $24.5 billion to finance further ETH purchases.
The timing of ARK’s purchase came as BitMine shares cooled after a sharp rally, even while Ether itself gained from about $3,900 on 8 August to around $4,600.
The stock has now declined more than 11% over the past five days but still remains one of the best-performing crypto-related equities of 2025.
In its most recent quarterly results, BitMine reported revenue of $2.05 million, up 67.5% year-on-year, with its profit margin improving by 43%.
ARK Invest has also been active elsewhere in the crypto and fintech space.
On 20 August, it bought $21.2 million worth of Bullish shares and $16.2 million of Robinhood stock, bringing its Robinhood holdings to $543 million.
Earlier this month, the firm added $19.2 million of Block shares after a period of selling.
At the same time, ARK boosted its exposure to Advanced Micro Devices by 91% while trimming its stake in Palantir Technologies by over a third.
Fundstrat’s Tom Lee said Ethereum may have reached its lowest point “within hours” as the crypto market began to recover. He highlighted that ETH’s current setup offers a strong risk-to-reward scenario, with a potential rebound to $5,100–$5,450 if the trend holds.
WeatherlyDBS has launched its first tokenised structured notes on Ethereum, breaking $100,000 investments into $1,000 units for easier trading. The notes, initially linked to cryptocurrencies, are available to accredited and institutional investors through local digital platforms.
WeatherlyBitcoin has retraced below $117,000 after reaching an all-time high last week, signaling a pause in upward momentum and growing caution among investors.
XingChiThe SEC has delayed decisions on several crypto ETFs, including Bitcoin, Ethereum, Solana, XRP, Litecoin, and Dogecoin, pushing most deadlines into October. Regulators are working on new listing standards that could allow faster approvals of altcoin ETFs once rules are finalised.
WeatherlyCitigroup plans to offer custody services for assets backing stablecoins and cryptocurrency ETFs, aiming to meet new US rules. The bank is also developing stablecoin payment solutions for faster cross-border transactions.
WeatherlyEthereum co-founder Vitalik Buterin’s on-chain portfolio has surged past the $1 billion mark, fueled by Ether’s recent price rally, according to blockchain intelligence firm Arkham.
XingChiStripe is developing its own blockchain, called Tempo, to make payments faster and cheaper while staying compatible with Ethereum. The project is linked to recent crypto-related acquisitions and could help Stripe compete with major payment networks.
WeatherlyBlue Origin now accepts Bitcoin, Ethereum, Solana, and stablecoins for booking space flights through a partnership with Shift4. This move aims to make high-cost space tourism payments easier for digital asset holders using popular crypto wallets.
WeatherlyEthereum treasury firms are buying large amounts of ETH and now hold as much as the new U.S. spot ETFs. Unlike ETFs, these companies can earn staking rewards and use DeFi, making them more attractive to some investors.
AnaisExplore GoMining's revolutionary approach to Bitcoin mining through NFTs, offering accessible, efficient, and flexible mining strategies for every investor.
AlexGoMining revolutionises Bitcoin mining by leveraging powerful computers, LBH tokens, and NFTs, democratising the industry. With a low-risk profile, a market value of $0.39, and innovative features like the Mine Box Collection, GoMining paves the way for accessible and rewarding cryptocurrency investments.
JoyWhile some exchanges are keen on embracing crypto and crypto products, others have indicated a more ambivalent outlook
ClementCrypto prices took a hike recently but while some are optimistic that the crypto bulls are returning, others feel that it is just a bull trap in a bull market. What is your perspective on this?
CatherineThe project developers said they would repurchase the tokens soon.
OthersAPT is trading inside a descending parallel channel.
BeincryptoVoyager clients could get 72% of funds returned.
BeincryptoHe is a big believer in the charting system and began predicting ADA's bearish trajectory in early Sep. 2022.
BeincryptoSolana network faltered anew, as the crypto space's “Ethereum Killer” goes offline courtesy of faulty mechanics in its system.
Bitcoinist
Nulltx