ARK Invest Adds $15.3M to Ether Strategy Partner BitMine Immersion in Latest Acquisition

ARK Invest Buys Additional $15.3M in BitMine Immersion Amid Continued Share Slide

Cathie Wood’s ARK Invest increased its position in ether treasury firm BitMine Immersion Technologies (BMNR) for the second consecutive day, acquiring 477,498 shares worth approximately $15.3 million on Tuesday.

The shares were added across ARK’s Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF) ETFs, according to a portfolio update shared via email.

Tuesday’s purchase followed a larger allocation of 529,366 shares on Monday, signaling growing institutional interest in BitMine despite recent price weakness.

BMNR shares extended their losses during the session, closing down 8.9% at $32—well below their early July peak of $135.


  • Related Posts

    BTC Steadies at $64K Despite Higher Yields and Surging Oil Prices

    Bitcoin is trading near $64,000 after rebounding from Monday’s $62,600 low, but the recovery has slowed as higher Treasury yields and rising oil prices pressure global risk assets. BTC has…

    Continue reading
    Bitcoin Delivers Rare Outperformance as S&P 500 Falls 0.5%

    Bitcoin broke its recent losing streak against U.S. equities on Monday, delivering a rare session of outperformance versus the S&P 500. BTC rose 2.6% to above $64,000, marking its biggest…

    Continue reading