Crypto Shocker: ARK Invest Pours Capital Into BitMine

1. BitMine Surges With Bold Ethereum Treasury Strategy

BitMine Immersion (BMNR) shares skyrocketed after ARK Invest officially poured $182 million into the company by acquiring 4.77 million shares. The deal created major buzz on Wall Street and sent a clear signal: Ethereum is becoming a strategic treasury asset for institutions.

According to Yahoo Finance, BMNR shares have surged more than 827% in the past month, currently trading around $40.77—an all-time high since the company shifted away from Bitcoin mining.

2. Cathie Wood: The Investment Queen Riding The Ethereum Wave

BitMine Chairman Tom Lee called the ARK deal an “exponential growth opportunity,” revealing the company's bold target: to hold and stake 5% of the global Ethereum supply.

“Cathie is a pioneer in exponential investing, with early wins in Tesla, Bitcoin, and AI. Now it's Ethereum’s turn,” Lee shared.

ARK Invest's Cathie Wood

3. Ethereum Is Emerging As A Strategic Corporate Treasury

BitMine now holds over $1 billion worth of Ethereum, after adding $500 million worth just last week. The company, once focused on Bitcoin mining, shifted its strategy on June 30 with a $250 million private placement.

100% of the net proceeds from ARK’s investment—$177 million—will be used to buy even more ETH.

4. ARK’s Portfolio Realignment Signals Confidence

•  - Nearly 3 million BMNR shares were allocated to the ARK Innovation ETF (ARKK)

•  - The rest went into ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF)

•  - Meanwhile, ARK trimmed 220,000 Coinbase shares and 110,000 Robinhood shares

5. Ethereum Treasury Trend Gains Momentum

BitMine is not alone. Multiple firms are racing to stockpile ETH:

•  - SharpLink Gaming (SBET) now holds over $1.3 billion in ETH, after purchasing an additional $273 million worth within just one week

•  - Bit Digital (BTBT) recently added nearly 20,000 ETH, bringing its total holdings to over 120,000 ETH (~$70 million)

6. Conclusion: Is Ethereum The New Gold Standard For Treasuries?

Ethereum has surged 45% over the past month, largely fueled by institutional ETH accumulation. ARK Invest—one of Wall Street’s most influential funds—betting big on BitMine is a powerful indicator that Ethereum is no longer just a cryptocurrency, but a long-term strategic asset for serious investors.