Cathie Wood’s ARK Invest made a bold move on Monday, scooping up $18.6 million worth of shares in BitMine Immersion Technologies (BMNR)—a company positioning itself as a major player in the Ether (ETH) treasury and staking ecosystem.
According to ARK’s latest trade disclosure, the investment firm purchased 529,366 BMNR shares across its Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW). The move marks a significant vote of confidence in BitMine’s role as a growing corporate holder of Ether amid a broader rally in ETH and restaking protocols.
BitMine has emerged as one of the most aggressive Ether-accumulating public companies in recent months, building a massive ETH treasury and staking operation.
ARK Rotates Out of Coinbase and Block
While loading up on BMNR, ARK also offloaded nearly $7 million in Coinbase (COIN) shares and $15 million in Jack Dorsey’s fintech firm Block (SQ). This rotation signals a strategic shift in ARK’s crypto-related exposure—from centralized exchange and payment infrastructure to onchain treasury and Ethereum-native yield models.
“Ether staking is the future of institutional crypto strategy,” a note from ARK analysts previously stated, pointing to the appeal of predictable ETH yields and deflationary supply dynamics.
BitMine’s ETH-first strategy aligns closely with the booming interest in staking ETFs, such as the newly proposed Canary Capital Staked Injective ETF, and SEC’s updated stance that staking does not constitute securities violations.
Bet on Ethereum’s Institutional Future
The timing of ARK’s BMNR buy is noteworthy, coming as ETH pushes toward the $4,000 level and DeFi TVL tops $153 billion—its highest in three years. As restaking and ETH-based financial products gain momentum, BitMine is well positioned to benefit from both institutional inflows and rising staking yields.
BMNR is one of the few publicly traded firms offering direct exposure to Ethereum staking economics, making it an attractive vehicle for crypto-aligned ETFs.
Cathie Wood has long been a vocal supporter of Ethereum’s long-term potential, and this move suggests ARK sees BitMine as a strategic on-chain asset aggregator—possibly the next institutional ETH powerhouse.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
We use cookies to personalize content and ads, provide social media features, and analyze our traffic. In accordance with GDPR/AVG and EU cookie regulations, data is processed only with your consent. We may share information about your use of our website with our social media, advertising, and analytics partners, and you can manage or withdraw your consent at any time. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookies list
Cookie name
Active
Privacy Policy
At BitxJournal.com, we respect your privacy and are committed to protecting your personal data. This Privacy Policy explains how we collect, process, store, and protect personal information in accordance with the General Data Protection Regulation (GDPR) and AVG (EU privacy legislation).
1. Data Controller
BitxJournal.com acts as the data controller for all personal data processed through this website.
2. Personal Data We Collect
We may collect and process the following categories of data:
Personal Data
Name and email address (when you subscribe to newsletters or contact us)
Technical & Usage Data
IP address, browser type, operating system
Device information
Pages visited, referral sources, and interaction data
This data is collected via cookies, log files, and analytics technologies.
3. Legal Basis for Processing
We process personal data only when a lawful basis exists, including:
Consent – when you explicitly agree (e.g., cookies, newsletter sign-up)
Legitimate interest – to operate, secure, and improve our website
Legal obligation – when required by applicable laws
You may withdraw your consent at any time.
4. Purpose of Data Processing
Your data is processed for the following purposes:
Operating and maintaining the website
Improving content, usability, and performance
Sending newsletters or updates (only with consent)
Analyzing traffic and user behavior
Responding to inquiries or support requests
5. Cookies & Consent Management
We use cookies and similar technologies in compliance with EU Cookie Law.
Non-essential cookies are placed only after explicit user consent
Users may accept, reject, or manage cookie preferences at any time
Consent can be withdrawn without affecting prior lawful processing
Detailed cookie information is available in our Cookie Settings panel.
6. Third-Party Data Processing
We may share limited data with trusted third-party service providers, including:
Analytics providers (e.g., Google Analytics)
Advertising partners (for personalized or non-personalized ads)
These third parties act as data processors and process data only under contractual obligations compliant with GDPR/AVG.
7. International Data Transfers
Where data is transferred outside the European Economic Area (EEA), we ensure appropriate safeguards are in place, such as Standard Contractual Clauses (SCCs) or equivalent legal mechanisms.
8. Data Retention
We retain personal data only for as long as necessary to fulfill the purposes outlined in this policy or as required by law.
9. Data Security
We implement appropriate technical and organizational security measures to protect personal data against unauthorized access, alteration, disclosure, or destruction.
10. Your GDPR Rights
Under GDPR/AVG, you have the right to:
Access your personal data
Rectify inaccurate or incomplete data
Request data erasure (“right to be forgotten”)
Restrict or object to processing
Data portability
Withdraw consent at any time
Lodge a complaint with a supervisory authority
11. Changes to This Privacy Policy
We reserve the right to update this Privacy Policy at any time. Any changes will be posted on this page with a revised effective date.
12. Contact Information
For privacy-related inquiries or GDPR requests, contact:
