Ark Invest Doubles BitMine Holdings, Signaling Confidence in Ethereum Infrastructure

Investment firm Ark Invest has significantly increased its stake in BitMine Immersion (BMNR) stock, now holding a substantial $267 million worth of shares. This move by Cathie Wood’s Ark Invest reflects strong confidence in the potential of Ethereum infrastructure and is indicative of wider institutional interest in digital asset markets. Ark’s investment is part of a growing trend among corporate treasuries, mirroring MicroStrategy’s approach to Bitcoin. 388,045 shares were acquired across ARKK, ARKW, and ARKF, confirming Ark’s commitment to Ethereum-based securities. BitMine Immersion currently ranks among the world’s largest public ETH holders, adding further weight to this trend.