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ARK Invest’s $182M Ethereum Treasury Bet Sends BitMine Immersion Soaring

ARK Invest’s $182M Ethereum Treasury Bet Sends BitMine Immersion Soaring

Author:
decryptCO
Published:
2025-07-22 17:39:39
18
1

BitMine Immersion Rises After ARK Invest Buys $182 Million in Ethereum Treasury Shares

Wall Street's crypto love affair gets another power move—Cathie Wood's ARK Invest just dropped $182 million on Ethereum treasury shares. Cue the market frenzy.

Why it matters: When a whale like ARK makes waves, altcoins ride the tide. BitMine Immersion's 20% intraday spike proves the crypto herd still follows institutional money.

The cynical take: Nothing boosts a fund's AUM like chasing the flavor-of-the-month blockchain. At least this time it's not another metaverse ETF.

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