Ethereum News Today: Cathie Wood's ARK Bets Big on Crypto's Next Wave with Strategic Bullish and BitMine Moves

ARK Invest, led by Cathie Wood, has significantly increased its exposure to the cryptocurrency sector by acquiring shares in BitMine Immersion Technologies and Bullish, two key players in the digital asset ecosystem. According to trade disclosures on Friday, ARK’s flagship ETFs—Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF)—purchased over 387,000 shares of BitMine and 144,000 shares of Bullish. Based on recent market prices, these acquisitions represent approximately $16 million in BitMine stock and $7.5 million in Bullish stock [2].

The largest portion of the BitMine purchase was made by ARKK, which acquired 257,108 shares, followed by ARKW and ARKF with 83,082 and 47,135 shares, respectively. Similarly, ARKK led the Bullish purchase with 81,811 shares, while ARKW and ARKF added 39,597 and 22,498 shares [2]. These moves come after ARK’s earlier acquisition of 2.53 million Bullish shares in August, totaling $172 million across the three ETFs [2].

Bullish, which owns CoinDesk and operates a global crypto exchange, made headlines earlier this year after its traditional IPO raised $1.1 billion, marking one of the most-watched public listings in the crypto space. On the day of its IPO, the stock surged by 83.8%. Bullish shares were up 6% as of Friday, according to Google Finance [2]. The company has a presence in multiple jurisdictions, including Hong Kong, Singapore, and the UK, through its regulated entities [2].

BitMine has also expanded its ETH holdings, acquiring an additional $65 million worth of Ether through six over-the-counter (OTC) transactions with Galaxy Digital. This brings the firm’s total ETH holdings to over 1.5% of Ethereum’s circulating supply, all acquired with cash and without leverage [2]. This move aligns with a broader trend of institutional accumulation, as centralized exchanges continue to face a supply squeeze in Ether, with reserves down 38% since 2022 [2].

The increased exposure to crypto-related companies reflects ARK Invest’s broader strategy of capitalizing on innovation and disruptive technologies. The firm’s ETFs are designed to track companies that are positioned to benefit from technological advancements, including digital assets and blockchain infrastructure. BitMine and Bullish, with their prominent roles in the crypto ecosystem, fit this thematic focus [2].

Analysts have noted that ARK’s approach to investing often involves purchasing shares of high-growth companies during periods of market volatility. For example, in July 2025, the firm added 143,000 Tesla shares following an earnings-driven selloff while reducing its holdings in Coinbase and Roku [3]. The recent purchases of BitMine and Bullish appear consistent with this pattern, as ARK is signaling confidence in the long-term potential of these firms despite short-term market fluctuations [3].

Source:

[1] ARKK | The ARK Innovation ETF managed by Cathie Wood (https://www.ark-funds.com/funds/arkk)

[2] ARK Invest Buys BitMine and Bullish Stock Across Flagship ... (https://cointelegraph.com/news/ark-invest-crypto-bitmine-bullish-stock-buys)

[3] Cathie Wood's Ark Invest Buys Figma Stock Amid 20% Post ... (https://finance.yahoo.com/news/cathie-woods-ark-invest-buys-052542952.html)