The latest buy took place Wednesday across three of ARK’s flagship funds. ARK Innovation ETF (ARKK) purchased 227,569 shares, ARK Next Generation Internet ETF (ARKW) bought 70,991 shares, and ARK Fintech Innovation ETF (ARKF) added 40,553 shares.

Building a Major Position

The move continues a streak of heavy accumulation. ARK first entered Bitmine on July 21 with a $174 million purchase in one day, followed by another $17 million buy on August 2. With its growing exposure, Bitmine is now almost half the size of ARK’s investment in Coinbase, where it holds $676 million worth of shares after trimming its position slightly last week.

Bitmine’s appeal to ARK partly comes from its deep exposure to Ethereum. The company’s ETH holdings recently topped $7.5 billion, aligning with ARK’s bullish view on ETH treasury strategies.

More Crypto Equities Added

Bitmine isn’t the only crypto-linked stock Wood is scooping up. Last week ARK bought $21.2 million worth of Bullish shares and $16.2 million of Robinhood stock. The firm also reloaded on Block, purchasing $19.2 million after a period of profit-taking earlier this year.

As of Wednesday, ARK’s Robinhood stake stood at roughly $543 million across its funds.

A Bold Bet on Disruptive Tech

ARK Invest has long championed high-growth, high-risk industries ranging from blockchain to artificial intelligence. Its latest round of acquisitions signals continued conviction in crypto-related equities — with Bitmine now emerging as one of its most significant positions.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Filed under: Bitcoin - @ August 28, 2025 4:31 pm