Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock

BitMine Immersion Applied sciences noticed its inventory sink almost 8% this week, but that didn’t cease Cathie Wooden’s ARK Make investments from pouring one other $15.6 million into the corporate.

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The most recent transfer comes throughout a interval of heightened volatility in each equities and crypto markets.

ARK Expands Its Holdings

In line with ARK’s buying and selling disclosures on August 27, the agency purchased 339,113 BitMine shares unfold throughout three ETFs.

The ARK Innovation ETF acquired 227,569 shares valued at slightly over $10 million, whereas the Subsequent Technology Web ETF added 70,991 shares value $3.27 million.

The Fintech Innovation ETF bought one other 40,553 shares for $1.87 million. Regardless of this contemporary spherical of shopping for, BitMine shares ended the day at $46 earlier than sliding 7.80% in prolonged buying and selling.

Cathie Wooden and Ark Make investments purchased 339,113 shares of Tom Lee’s $BMNR immediately pic.twitter.com/G9SQY02rDg

— Tom Lee Tracker (@TomLeeTracker) August 28, 2025

Ethereum Technique Attracts Institutional Consideration

BitMine’s pivot from Bitcoin mining to an Ethereum-focused treasury earlier this summer time has reworked the agency into a significant company participant in crypto.

Its stability sheet now holds 1,714,000 ETH, value about $8.20 billion, alongside 192 Bitcoin and $562 million in money.

That makes BitMine the world’s largest company holder of Ethereum. Billionaire investor Peter Thiel has additionally taken a 9% stake, including extra weight to the agency’s fast rise.

In line with newest information, the corporate’s technique has fueled sharp value actions in its inventory. After surging greater than 3,000% to a file excessive of $135 in early July, shares stay up greater than 400% year-to-date regardless of current pullbacks.

Huge Fairness Providing Fuels Growth

Reviews have disclosed that BitMine dramatically expanded its fundraising plans. On August 12, the corporate filed to spice up its at-the-market fairness providing from $2 billion to $24.5 billion, a transfer led by Cantor Fitzgerald and ThinkEquity.

Observers say the brand new funds will give BitMine extra firepower to construct its Ethereum place. Analysts projected sturdy features for Ethereum, predicting $5,500 within the close to time period and as excessive as $12,000 by year-end.

If these targets materialize and BitMine pushes towards its 5% provide aim, the corporate may at some point rival Michael Saylor’s Technique in scale.

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A New Company Champion For Ethereum?

Social media response has been fast to border BitMine as Ethereum’s model of Technique — a company automobile for institutional publicity to the asset.

ARK’s rising place, surpassing $200 million this summer time, solely strengthens that idea. But the dangers are simply as seen.

BitMine’s share value swings spotlight how concentrated bets can transfer violently, even with billions of {dollars} on the stability sheet.

Featured picture from Meta, chart from TradingView