ARK Invest Acquires $182 Million of BitMine Immersion (BMNR) Shares to Support Ethereum Treasury Strategy.

ARK Invest has acquired $182 million of BitMine Immersion (BMNR) common shares, enabling the company to further advance its Ethereum Treasury Strategy. The acquisition, made via a block trade, represents 4,773,444 common shares. The net proceeds of $177 million will be used to acquire ETH. This move supports BitMine's goal of acquiring 5% of ETH, with backing from notable investors like Cathie Wood, MOZAYYX, and Founders Fund.

ARK Invest, led by Cathie Wood, has made a significant investment in BitMine Immersion Technologies, Inc. (BMNR) by acquiring $182 million worth of common shares. The transaction, completed through a block trade under BitMine's ATM program, represents 4,773,444 shares [1]. The net proceeds, amounting to $177 million, will be dedicated to acquiring Ethereum (ETH) as part of BitMine's strategic objective to accumulate 5% of the total ETH supply [2].

The investment is backed by notable industry players, including Cathie Wood, MOZAYYX, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital. BitMine's Chairman, Thomas "Tom" Lee of Fundstrat, highlighted ARK's track record of successful early investments in Tesla, Bitcoin, and AI, as well as their recent anchor investment in Circle's IPO [1].

BitMine's Ethereum treasury strategy aims to strengthen the broader Ethereum ecosystem by increasing its ETH holdings. The company's current holdings exceed $1 billion, with 300,657 ETH valued at $3,461.89 per token [3]. This milestone was achieved just a week after closing on a $250 million private placement on July 8, 2025 [3].

The acquisition by ARK Invest underscores BitMine's commitment to its long-term goal of acquiring and staking 5% of the overall ETH supply. The company's strategy involves reinvesting cash flows, engaging in capital markets, and generating staking yields to increase ETH holdings per share [4].

References:
[1] https://www.prnewswire.com/news-releases/ark-invest-acquires-182-million-of-bitmine-immersion-bmnr-common-shares-enabling-bitmine-to-further-advance-its-ethereum-treasury-strategy-302510707.html
[2] https://www.stocktitan.net/news/BMNR/ark-invest-acquires-182-million-of-bit-mine-immersion-bmnr-common-orb3dhc1in3z.html
[3] https://www.prnewswire.com/news-releases/bitmine-immersion-now-holds-approximately-1-billion-of-ethereum1-to-advance-its-ethereum-treasury-strategy-302507907.html
[4] https://www.gurufocus.com/news/2984090/bitmine-immersion-now-holds-approximately-1-billion-of-ethereum1-to-advance-its-ethereum-treasury-strategy-bmnr-stock-news