ARK Invest acquires $182 million stake in BitMine Immersion
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ARK Invest Acquires $182 Million of BitMine Immersion (BMNR) Common Shares, Enabling BitMine to Further Advance its Ethereum Treasury Strategy
July 22, 2025 8:15 AM EDTCathie Wood's ARK Invest has acquired $182 million of BMNR equity across multiple of its Funds, representing 4,773,444 common shares
100% of net proceeds of $177 million from ARK sale to be used to acquire ETH
Cathie Wood, MOZAYYX, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital support BitMine's goal of acquiring 5% of ETH
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