Ethereum News Today: ARK Invest Buys $47M in Coinbase and BitMine Amid Market Dips

ARK Invest has intensified its investment activity in the cryptocurrency and blockchain sector, purchasing $30 million worth of Coinbase shares and $17 million in BitMine (BMNR) shares as the respective stocks declined sharply in early August 2025 [1]. The purchases were made across three of its flagship exchange-traded funds (ETFs): ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). These moves came as Coinbase closed down 16.7% on Friday at $314.69, and BitMine closed at $31.68, an 8.55% drop, following a volatile week of trading [1].

Coinbase had previously been the subject of both buying and selling activity by ARK Invest. On Monday, the firm sold 18,204 shares of Coinbase, valued at nearly $7 million, indicating a tactical approach to managing its position [1]. The firm also trimmed its holdings in other crypto-related names, including Robinhood (HOOD), where it sold 11,262 shares valued at around $1.1 million. This suggests a broader reallocation of capital within the fintech and digital asset sectors [2].

ARK Invest's renewed interest in BitMine appears to be part of a longer-term strategy, as the firm has consistently added to its stake in the company over the past weeks. On Monday alone, ARK Invest added $20 million in BMNR shares, following a $182 million purchase the previous week [1]. BitMine has also drawn attention for its significant Ethereum holdings, currently the largest corporate Ethereum treasury with 625,000 ETH, according to StrategicEtherReserves [1].

The firm’s aggressive buying activity in both Coinbase and BitMine reflects its belief in the long-term potential of firms operating in the digital asset infrastructure space. ARK Invest has historically positioned itself as a pro-blockchain investor, capitalizing on market dips to secure strategic positions in the sector [4]. Cathie Wood’s team has maintained a consistent thesis on the eventual mainstream adoption of blockchain technology and the financial instruments built around it.

The timing of ARK Invest’s purchases aligns with a broader market downturn in the US equity space, where major indices, including the Dow and S&P 500, suffered their worst performances in months amid weak jobs data and uncertainty over regulatory policies [1]. This context reinforces the perception that ARK is leveraging macroeconomic volatility to build exposure to what it views as high-conviction growth areas.

ARK’s active trading in crypto-related equities highlights the maturing of institutional investment in digital assets. The firm’s approach—buying dips, trimming overbought positions, and maintaining a long-term vision for crypto’s role in the global economy—illustrates a strategic, disciplined method of portfolio management [2][3]. As regulatory and technological developments continue to shape the crypto landscape, ARK Invest’s recent moves underscore its confidence in the sector’s resilience and growth potential despite near-term headwinds.

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Sources:

[1] ARK Invest scoops up Coinbase, BitMine shares amid stock dips – advfn.com

(https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96549434/ark-invest-scoops-up-coinbase-bitmine-shares-amid)

[2] Bitmine Immersion Technologies, Inc. (BMNR) – Yahoo.co

(https://ca.finance.yahoo.com/quote/BMNR/news/)

[3] Strategy Incorporated (MSTR) Latest Stock News & – Yahoo.co

(https://ca.finance.yahoo.com/quote/MSTR/news/)

[4] Page 14 | Bitcoin Fut Trade Ideas — COINBASE:BTIQ2025 – TradingView

(https://www.tradingview.com/symbols/COINBASE-BTI1%21/ideas/page-14/?contract=BTIQ2025)