Overview

• ARK Invest acquired 4.4 million shares of Bitmine Immersion for roughly $175 million to back its corporate Ethereum treasury strategy.
• Bitmine’s ether holdings topped $1 billion after raising $250 million in late June and accumulating over 163,000 ETH in early July.
• Peter Thiel’s Founders Fund Growth II disclosed a 9.1% stake and Fundstrat’s Tom Lee joined Bitmine to guide its pivot into proof-of-stake assets.
• ARK sold $90.6 million of Coinbase shares, $70.3 million of Block stock and $11.5 million of Robinhood shares during the rebalancing.
• The firm added $5.16 million of Advanced Micro Devices stock to diversify its exposure alongside its new Ethereum focus.