Cathie Wood’s Ark Invest Buys $15.6M BMNR – Bet on Tom Lee’s ETH Treasury?

Cathie Wood’s ARK Invest expanded its crypto exposure this week with a fresh $15.6 million purchase of BitMine Immersion Technologies (BMNR), despite the stock closing down 7.85% on the ￰1￱ to ARK’s daily trading update on August 27, the firm acquired 339,113 shares of BitMine across three of its exchange-traded ￰2￱ Wood and Ark Invest bought 339,113 shares of Tom Lee's $BMNR today ￰3￱ — Tom Lee Tracker (@TomLeeTracker) August 28, 2025 The ARK Innovation ETF added 227,569 shares worth $10.48 million; the Next Generation Internet ETF picked up 70,991 shares valued at $3.27 million; and the Fintech Innovation ETF bought 40,553 shares for $1.87 ￰4￱ closed at $46.03 before slipping another 7.85% in after-hours trading, according to Google ￰5￱ Wood Shows Confidence in Ethereum With Fresh BitMine Buys The investment builds on ARK’s earlier accumulation of BitMine stock, which has surpassed $200 million in purchases this ￰6￱ decision shows Wood’s growing confidence in BitMine’s Ethereum-focused strategy , even as the firm continues to adjust its portfolios by trimming holdings in Coinbase, Roblox, and other fintech ￰7￱ last month, ARK offloaded $90.5 million worth of Coinbase shares and $57.7 million in Roblox stock, while adding exposure to BitMine as well as companies like AMD, DoorDash, and Airbnb.

BitMine, chaired by Fundstrat’s Tom Lee, has quickly emerged as one of the most talked-about names in the digital asset ￰8￱ company shifted from a Bitcoin mining model to an Ethereum-focused treasury strategy earlier this summer , a move that triggered a dramatic surge in its stock price. @BitMNR purchased over $800M of $ETH in the past week, adding 190,500 ETH to reach 1.71M total holdings worth $8.23B. #Ethereum #CryptoTreasury #ETH ￰0￱ — ￰9￱ (@cryptonews) August 25, 2025 Shares of BitMine soared more than 3,000% to a record high of $135 in early July before retreating, though the stock is still up over 400% ￰10￱ firm now holds 1.71 million ether, worth about $8 billion as of August 24, making it the single largest Ethereum treasury ￰11￱ balance sheet strength has drawn institutional attention, with billionaire investor Peter Thiel taking a 9.1% stake in the company last ￰12￱ endorsement, combined with ARK’s sustained buying, has fueled market speculation that BitMine could become a leading proxy for Ethereum exposure among traditional ￰13￱ timing of ARK’s latest purchase comes amid heightened volatility in both equities and crypto ￰14￱ itself has struggled to break higher in recent weeks after reaching an all-time high , but the strategic bet on BitMine reflects Wood’s long-term focus on decentralized finance as a driver of ￰15￱ media reaction from traders and crypto enthusiasts has framed the move as a bullish sign, pointing to BitMine’s role as a key corporate holder of ￰16￱ ARK Innovation ETF, the firm’s flagship fund with $6.8 billion in assets under management, still counts Tesla as its largest position at 9.7% but has increasingly pivoted toward crypto-related ￰17￱ BitMine, it maintains sizable stakes in Coinbase, Circle, and Robinhood, which it recently augmented with a $14.2 million ￰18￱ Becomes World’s Largest Corporate Ethereum Holder With $8.25B Stash BitMine Immersion Technologies has intensified its buying spree, pushing its Ethereum holdings to unprecedented ￰19￱ Delaware-based firm disclosed it now controls 1,713,899 ETH, valued at $8.25 billion , alongside 192 Bitcoin and $562 million in ￰20￱ position cements BitMine as the world’s largest corporate Ethereum treasury and places it second among all corporate crypto holders, behind only Michael Saylor’s Strategy ￰21￱ firm’s accumulation strategy, launched in late June, has added more than 190,000 ETH in a single ￰22￱ investor Ryan Sean Adams cal led the scale of buying “absolutely unprecedented,” noting that BitMine has absorbed 1.4% of all ETH supply in just 50 days.

“If Tom Lee gets to his 5% target and ETH goes above $12,000, BitMine would be larger than MicroStrategy,” Adams ￰23￱ ￰24￱ Lee has acquired almost $10 billion ETH over the past 50 ￰25￱ 1.7m ETH. 1.4% of all ETH ￰26￱ Tom gets to his 5% target and ETH goes above $12k Bitmine would be larger than ￰27￱ — RYAN SΞAN ADAMS – ￰28￱ (@RyanSAdams) August 25, 2025 To fuel further purchases, BitMine has dramatically expanded its ￰29￱ August 12, the company filed with the SEC to increase its at-the-market equity offering to $24.5 billion , up from the $2 billion announced in ￰30￱ offering, led by Cantor Fitzgerald and ThinkEquity, represents one of the largest equity raise expansions in the crypto ￰31￱ proceeds may also support Bitcoin acquisitions and mining operations, Ethereum remains the company’s clear ￰32￱ of early August, BitMine controlled roughly 5% of ETH’s circulating supply , surpassing other corporate treasuries within just 35 days of launching its ￰33￱ CIO Tom Lee projects Ethereum could reach $5,500 in the near term and potentially $12,000 by year-end , citing Wall Street’s growing interest following the passage of the GENIUS Stablecoin ￰34￱ more than $145 billion in stablecoins running on Ethereum, Lee described ETH as one of the most important macro investments of the decade.