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By Jamie Crawley|Edited by Sheldon Reback
Aug 28, 2025, 8:48 a.m.
- ARK Invest bought $15.6 million shares of ether treasury company Bitmine Immersion Technologies.
- The St. Petersburg, Florida-based investment manager added a total of 339,113 BMNR shares to three of its ETFs.
- BMNR shares fell 7.85% to $46.03 on Wednesday.
ARK Invest bought $15.6 million shares of ether treasury company Bitmine Immersion Technologies (BMNR) on Wednesday.
The St. Petersburg, Florida-based investment manager added a total of 339,113 BMNR shares to three of its exchange-traded funds (ETFs) — Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF) — according to an emailed notification.
STORY CONTINUES BELOW
Bitmine shares fell 7.85% to $46.03 on Wednesday.
The company, led by Fundstrat’s Tom Lee, is one of the largest corporate holders of ether, having purchased over 1.7 million tokens, worth just under $8 billion at current prices.
The Cathie Wood-led Ark Invest often loads up on shares in companies when their shares take a hit and offloads them when they’ve enjoyed a surge to maintain its targeted weighing of different holdings within its ETFs.
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
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