BitMine Immersion Rises 7.5% on $1.37B Volume as ARK Invest Boosts Ethereum Stake to $2.37B in Strategic Shift Amid Market Activity Rank 64th
On July 30, 2025, BitMine ImmersionBMNR-- (BMNR) surged 7.50% with a trading volume of $1.37 billion, ranking 64th in market activity. The move followed a major investment by ARK Invest, which added 477,498 shares worth $15.2 million across its innovation, next-generation internet, and fintech funds. This marked a strategic shift as the firm divested positions in rival crypto-focused entities while bolstering its stake in BitMine’s Ethereum treasury holdings, now valued at $2.37 billion. The investment underscored confidence in BitMine’s transition from Bitcoin to Ethereum as a core asset, aligning with bullish forecasts from industry experts.
ARK Invest’s chairman highlighted Ethereum’s recent outperformance against Bitcoin, noting a 3.18% seven-day gain versus BTC’s 0.09% decline. While BMNR shares closed flat at $32 despite a $1 billion buyback announcement, the firm’s institutional backing signaled renewed market attention. The move also reflected broader sector dynamics, as Ethereum’s year-to-date 53.6% rise contrasted with Bitcoin’s 9.8% gain, reinforcing strategic allocations toward high-growth digital assets.
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