ARK Invest Backs Tom Lee’s Ethereum Treasury Push With $15.6 Million BitMine Purchase
Cathie Wood’s ARK Invest is buying the dip in BitMine Immersion Technologies, backing Tom Lee’s Ethereum treasury strategy by socking $15.6 million into the firm after its stock tumbled more than 7% on Wednesday. ARK bought the BitMine shares across three of its ETFs (exchange-traded funds), according to the company’s latest trading filings. These funds are the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). Cathie Wood’s ARK Invest is aggressively accumulating shares of Bitmine. Bitmine = Ethereum Treasury.$ETH is the Wall Street play right now. Don't be underexposed. pic.twitter.com/6oVC4XGly7 — Ted (@TedPillows) August 16, 2025 ARKK bought 227,569 BitMine shares, while ARKW and AKRF purchased 70,991 and 40,553 shares, respectively. Lee has rapidly transformed BitMine into the world’s largest corporate Ethereum treasury, holding 1.7 million ETH tokens valued at $...