Altcoins News

Story: ARK Invest Buys $4.4M in BitMine Shares as Treasury Surpasses 2M ETH

By MikeT

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BitMine Crosses 2 Million ETH Treasury. The timing of ARK’s latest investment coincides with BitMine’s major milestone.

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Tom Lee Calls Ethereum a Long-Term Macro Trade. BitMine chairman Tom Lee expressed strong optimism about Ethereum’s future.

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BitMine Stock Performance in 2025. While Ethereum prices remain subdued, BitMine’s stock has seen remarkable growth.

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Market Outlook: Ethereum and Federal Reserve Policy. BitMine’s latest milestone comes as macroeconomic factors weigh heavily on investor sentiment.

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Ethereum Adoption Continues to Expand. BitMine’s rapid accumulation of ETH highlights the growing institutional interest in Ethereum as a…

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Conclusion. ARK Invest’s $4.4 million purchase of BitMine stock comes at a critical moment, with the company…

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Cathie Wood’s ARK Invest has once again increased its exposure to the Ethereum ecosystem by purchasing more shares in Tom Lee’s crypto treasury company, BitMine Immersion…

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According to recent filings, ARK Invest purchased 101,950 shares of BitMine worth around $4.4 million on Monday. The investment was spread across three of ARK’s funds:

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The ARK Innovation ETF, which now holds a 2.6% allocation in BitMine

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In total, these funds now hold 6.7 million shares of BitMine valued at approximately $284 million.

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The timing of ARK’s latest investment coincides with BitMine’s major milestone. On the same day, BitMine announced that its Ethereum treasury had surpassed 2 million ETH, valued…

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Since beginning its Ether accumulation strategy in April, BitMine has secured about 1.7% of the total ETH supply.

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BitMine has publicly stated that its long-term goal is to control 5% of Ethereum’s total supply.

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BitMine chairman Tom Lee expressed strong optimism about Ethereum’s future. He described the cryptocurrency as one of the biggest macro trades for the coming decade, highlighting…

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“We continue to believe Ethereum is one of the biggest macro trades over the next 10–15 years,” Lee said.

The Currency Analytics

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