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8h ago

Ark Invest Ups Bet on BitMine as Shares Dip After-Hours on Ether Pullback

BitMine now holds about 1.71 million ether worth roughly $7.77 billion, making it the largest corporate Ethereum treasury.

Ark invest buys $15.6m shares of ether treasury firm bitmine
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Overview

  • Ark Invest bought 339,113 BitMine shares across ARKF, ARKK and ARKW, an outlay of about $15.6 million based on Wednesday’s $46.03 close.
  • BMNR fell about 2.2% in after-hours trading as ether weakened, after finishing the regular session up 7.9% at $46.03.
  • The Tom Lee–chaired company is reported to hold 1,713,899 ETH valued near $7.77 billion, topping corporate ether treasuries.
  • More than half of BitMine’s ether reserve was accumulated over the past month, reflecting rapid recent buying.
  • Over the last month, BMNR rose roughly 31% versus about 20% for ether, while Ark also trimmed DraftKings by 266,052 shares worth around $12.7 million.