ARK Bets Big on BitMine’s ETH Empire as It Dumps Other Tech Stocks

ARK Invest has significantly increased its stake in BitMine Immersion Technologies (BMNR), purchasing approximately $4.5 million in shares across its ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF) on Monday, September 8, 2025. The total transaction included 387,325 shares of BMNR, valued at $43.79 per share at the close of trading. This move underscores ARK’s continued interest in companies with exposure to the cryptocurrency ecosystem, particularly those with Ethereum-based strategies [6].

BitMine itself has become a major player in the Ethereum ecosystem, with its ETH holdings surpassing 2.069 million, valued at approximately $8.92 billion at $4,312 per ETH. The company also holds 192 Bitcoin and $266 million in cash, making it the world’s largest ETH treasury and the second-largest crypto treasury after Strategy Inc. (MSTR). BitMine’s growing influence in the Ethereum space is further highlighted by its recent strategic investment of $20 million in Eightco Holdings (OCTO), supporting its adoption of Worldcoin (WLD) as a primary treasury asset [4].

ARK’s investment in BMNR aligns with its broader strategy of allocating capital to companies positioned to benefit from the convergence of blockchain technology and AI-driven innovation. In addition to BitMine, ARK recently bolstered its position in Bullish (BLSH), a global crypto exchange, purchasing $7.5 million in shares. Bullish has seen strong performance since its IPO in August, with a successful listing raising $1.1 billion and currently trading at $52.35 as of the most recent session [1].

Conversely, ARK trimmed its exposure to other high-growth tech names, including Roku (ROKU) and DraftKings (DKNG). The firm sold over 112,000 shares of Roku for $10.7 million and nearly 123,000 shares of DraftKings for $5.7 million, signaling a strategic reallocation of capital towards its core focus areas in the digital economy and crypto infrastructure [7].

The recent trades highlight ARK’s active management approach and its willingness to adjust positions in response to market dynamics and long-term investment theses. BitMine’s dominance in the Ethereum treasury space, coupled with its growing institutional backing from firms like ARK and others such as Founders Fund, Pantera, and Galaxy Digital, suggests continued institutional interest in Ethereum’s role in the evolving financial landscape [3].

BitMine’s stock has also shown strong liquidity, with an average daily trading volume of $1.7 billion, placing it among the top 30 most actively traded stocks in the U.S. The company continues to be a focal point for investors seeking exposure to Ethereum through a publicly traded vehicle, especially as the regulatory environment for crypto assets begins to evolve in 2025 [5].

Source: [1] ARK Invest Snaps Up $23.5M in BitMine and Bullish Shares ... (https://finance.yahoo.com/news/ark-invest-snaps-23-5m-174453744.html) [2] ARK Invest tops up BitMine and Bullish stocks with fresh ... (https://www.mitrade.com/insights/news/live-news/article-3-1102264-20250907) [3] BitMine Immersion (BMNR) ETH holdings exceed 2.069 ... (https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-eth-holdings-exceed-2-069-million-reigning-as-the-1-eth-treasury-in-the-world-2nd-largest-crypto-treasury-globally-302548699.html) [4] BitMine Widens Ethereum Treasury Lead as ETH Stash Hits ... (https://finance.yahoo.com/news/bitmine-widens-ethereum-treasury-lead-144750614.html) [5] BitMine Immersion (BMNR) ETH holdings exceed 2.069 ... (https://www.stocktitan.net/news/BMNR/bit-mine-immersion-bmnr-eth-holdings-exceed-2-069-million-reigning-5wx75s5jlm9g.html) [6] Cathie Wood Pivots: Sells Robinhood High, Doubles Down ... (https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/09/47561876/cathie-wood-pivots-sells-robinhood-high-doubles-down-on-bitmine-immersion-amid-eightco-buzz) [7] Cathie Wood's ARK buys Bitmine and Bullish, sells Roku ... (https://www.investing.com/news/company-news/cathie-woods-ark-buys-bitmine-and-bullish-sells-roku-and-draftkings-stock-93CH-4228839)