Ark Invest Makes a Large Investment in BitMine to Strengthen Ethereum’s Treasury!

Jakarta, Pintu News – Ark Invest recently announced a significant purchase of Immersion Technologies Inc.’s BitMine shares, with a total investment of $182 million. The purchase was made through a block transaction using BitMine’s marketplace share issuance program.

The funds obtained from the sale of these shares will be used by BitMine to buy more Ethereum (ETH). The shares are divided among three Ark-managed funds, namely ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF).

Check out the full information here!

BitMine’s Change of Focus

BitMine, based in Las Vegas, was previously known as a company focused on Bitcoin (BTC) mining. However, recently, the company shifted its focus to building a large Ethereum treasury and plans to stake up to 5% of the total ETH supply.

Currently, BitMine has more than 300,000 ETH, which is worth more than $1 billion. This change in strategy shows BitMine’s adaptation to the evolving dynamics of the crypto market.

Read also: Binance Coin (BNB) Headed to $1,000, Is it Possible?

Market Reaction and Coinbase Stock Sale

Ark Invest’s massive buyout comes at a time when the price of Ethereum (ETH) has seen a significant rise. In the past month, ETH surged 69% and is now trading above $3,600.

On the other hand, Ark Invest also reportedly sold $90.6 million worth of Coinbase shares, after the crypto exchange company’s stock reached a new high of over $437. The sale comes in the wake of new regulations passed by the US House of Representatives regarding stablecoins and digital assets.

Read also: Solana (SOL) Breaks $200: What’s Driving This Price Increase?

Ark Invest’s Future Vision for Ethereum

This investment shows Ark Invest’s confidence in Ethereum’s growth. With more and more companies interested in exploring digital assets and adding them to their balance sheets, Ethereum is further expanding its role in the crypto market.

Cathie Wood, the head of Ark Invest, has been a longtime crypto supporter and recently stated that Bitcoin (BTC) could reach $1.5 million by 2030. She also praised Ethereum for supporting applications such as tokenized payments and DeFi (Decentralized Finance).

Conclusion

With the crypto market approaching $4 trillion in value, Ark Invest’s investment in BitMine and its focus on Ethereum demonstrates the company’s long-term vision for blockchain technology. This move not only strengthens BitMine’s position in the industry, but also confirms Ethereum’s position as a key asset in the evolution of digital finance.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Ark Invest Buys $182M in Bitmine to Back Its Ethereum Treasury. Accessed on July 23, 2025
• Featured Image: Cryptoslate