ARK Invest has purchased $15.6 million worth of shares in Bitmine Immersion Technologies, a major corporate holder of ether. This investment, made by the St. Petersburg, Florida-based firm on August 28, 2025, involved acquiring a total of 339,113 shares of Bitmine (BMNR) across three of its exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF). After the purchase, BMNR shares fell by 7.85% to $46.03. Bitmine is noted for holding over 1.7 million ETH, valued at nearly $8 billion. ARK Invest, led by Cathie Wood, often invests in companies post-decline and reallocates based on performance to maintain specific holdings within its ETFs. This strategic move highlights ARK's continued interest in ether as part of the blockchain investment landscape.

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