ARK Invest Doubles Down: Adds $15.6M in BitMine Shares to Its Exploding Crypto Portfolio

ARK Invest just dropped another $15.6 million on BitMine shares—because why diversify when crypto keeps printing?

Strategic Expansion or Calculated Gamble?

Cathie Wood’s firm keeps stacking crypto-linked assets like there’s no tomorrow. This latest move signals relentless confidence in blockchain infrastructure—even as traditional finance skeptics clutch their pearls.

BitMine’s Rising Appeal

Mining stocks are back in vogue, and ARK isn’t missing the wave. With institutional adoption accelerating, betting on picks and shovels looks smarter than chasing tokens.

Bottom line: While Wall Street still debates crypto’s legitimacy, ARK’s portfolio is busy eating its lunch. Some things never change—like finance giants being late to the party.

TLDR

• ARK Invest now holds more than $300M worth of BitMine shares across its three funds.

• BitMine’s ETH holdings have grown to $7.5 billion, influencing ARK’s investment strategy.

• Despite a market dip, BitMine shares are up 490% year-to-date.

• ARK Invest’s stock purchases include notable crypto firms like Coinbase, Robinhood, and Bullish.

Cathie Wood’s ARK Invest continues to make strategic investments in cryptocurrency-related equities. This week, the firm announced the purchase of an additional $15.6 million worth of BitMine shares, a company heavily involved in Ethereum-related assets. The investment brings ARK’s total stake in BitMine to over $300 million. This marks a substantial commitment to the ethereum ecosystem, as BitMine holds significant amounts of Ether (ETH) in its portfolio.

The purchases were distributed across three of ARK Invest’s funds: the ARK Innovation ETF (ARKK), which bought 227,569 shares, the ARK Next Generation Internet ETF (ARKW), with 70,991 shares, and the ARK Fintech Innovation ETF (ARKF), purchasing 40,553 shares. This adds to a growing list of investments aimed at bolstering ARK’s position in disruptive technologies, including blockchain and artificial intelligence.

A Strategic Bet on Ethereum-Linked Companies

BitMine, which focuses on Ethereum mining and blockchain technologies, has caught the attention of institutional investors, including ARK Invest. BitMine’s Ethereum holdings have now surpassed $7.5 billion, making it a significant player in the ETH market.

ARK’s bet on BitMine aligns with its broader strategy of investing in companies that are key players in blockchain and cryptocurrency.

Here's every MOVE Cathie Wood and Ark Invest made in the stock market today 8/27 pic.twitter.com/s1t7lgAl9o

— Ark Invest Tracker (@ArkkDaily) August 28, 2025

The purchase adds to ARK Invest’s already significant stake in Coinbase, which is one of the largest cryptocurrency exchanges. ARK currently holds $676 million in Coinbase shares, underscoring its ongoing bullish stance on crypto assets. With BitMine’s recent growth and its focus on ETH, ARK’s investment portfolio continues to reflect a strong belief in Ethereum’s potential for long-term value.

BitMine Performance and Future Outlook

Despite the recent downturn in BitMine’s stock price, which fell 8% on Wednesday, the company’s performance this year has been remarkable. BitMine’s shares have surged 490% year-to-date, reflecting investor Optimism about its role in the Ethereum space.

The firm reported revenue of $2.05 million for the quarter ending in May, marking a 67.5% increase from the previous year.

While BitMine’s stock saw a drop, the long-term outlook remains positive due to its growing ETH holdings and expansion into key blockchain technologies. ARK Invest’s recent purchases suggest that the firm is confident in the company’s future prospects despite the short-term fluctuations in its stock price.

Cathie Wood’s ARK Invest Broader Crypto Portfolio

ARK Invest’s aggressive expansion in the cryptocurrency space is not limited to BitMine. The firm has also been increasing its holdings in other crypto-related stocks.

In the past week, ARK purchased $21.2 million worth of Bullish stock, and $16.2 million worth of Robinhood Markets stock. These investments reflect ARK’s commitment to the growth of blockchain and crypto financial markets.

Additionally, ARK made a $19.2 million purchase of Block shares, further diversifying its exposure to the evolving cryptocurrency ecosystem. With these strategic moves, ARK Invest is positioning itself as a leading institutional player in the rapidly expanding crypto sector, with a strong focus on blockchain technology and its applications in decentralized finance (DeFi).