Cathie Wood’s ARK Invest has once again increased its exposure to the Ethereum ecosystem by purchasing more shares in Tom Lee’s crypto treasury company, BitMine Immersion Technologies (BMNR).
According to recent filings, ARK Invest purchased 101,950 shares of BitMine worth around $4.4 million on Monday. The investment was spread across three of ARK’s funds:
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The ARK Innovation ETF, which now holds a 2.6% allocation in BitMine
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The ARK Next Generation Internet ETF
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The ARK Fintech Innovation ETF
In total, these funds now hold 6.7 million shares of BitMine valued at approximately $284 million. This continued accumulation signals ARK’s growing confidence in Ethereum as a long-term investment theme.
BitMine Crosses 2 Million ETH Treasury
The timing of ARK’s latest investment coincides with BitMine’s major milestone. On the same day, BitMine announced that its Ethereum treasury had surpassed 2 million ETH, valued at nearly $8.9 billion.
Since beginning its Ether accumulation strategy in April, BitMine has secured about 1.7% of the total ETH supply. The company has also emerged as the largest Ethereum treasury holder in the world, accounting for 42% of all ETH accumulated by corporations so far.
BitMine has publicly stated that its long-term goal is to control 5% of Ethereum’s total supply. Currently, it is about 34% of the way toward that target, suggesting more accumulation is likely.
Tom Lee Calls Ethereum a Long-Term Macro Trade
BitMine chairman Tom Lee expressed strong optimism about Ethereum’s future. He described the cryptocurrency as one of the biggest macro trades for the coming decade, highlighting its growing role in decentralized finance, tokenization, and blockchain adoption.
“We continue to believe Ethereum is one of the biggest macro trades over the next 10–15 years,” Lee said.
Despite this bullish long-term outlook, Ether prices have been relatively flat in recent weeks. As of now, ETH trades around $4,365, moving within a tight range.
BitMine Stock Performance in 2025
While Ethereum prices remain subdued, BitMine’s stock has seen remarkable growth. According to Google Finance, BMNR shares rose 4.1% on Monday, reaching $44.10 in after-hours trading.
Since the beginning of 2025, BitMine stock has soared by 460%, making it one of the fastest-growing publicly traded crypto-related companies. This surge reflects investor optimism about Ethereum’s role in the digital economy and BitMine’s aggressive treasury accumulation strategy.
Market Outlook: Ethereum and Federal Reserve Policy
BitMine’s latest milestone comes as macroeconomic factors weigh heavily on investor sentiment. Tom Lee also commented on U.S. monetary policy, suggesting that a potential interest rate cut by the Federal Reserve could provide a boost for both equities and crypto assets.
Speaking to CNBC, Lee said:
“Fed cutting interest rates will have dual positives of lowering interest rates, particularly mortgage rates could fall, [and] boosting business confidence. This will support equities, particularly small-caps, and crypto.”
According to futures markets, there is currently an 89.4% probability of a 25 basis point rate cut, while a 10.6% chance remains for a larger 50 basis point cut.
Ethereum Adoption Continues to Expand
BitMine’s rapid accumulation of ETH highlights the growing institutional interest in Ethereum as a treasury asset. The company now holds a significant portion of corporate ETH reserves, cementing its position as a leader in the space.
As Ethereum continues to attract institutional demand, ARK Invest’s bet on BitMine reflects its broader strategy of investing in innovation and blockchain adoption. If Ethereum achieves greater global use in financial systems, BitMine’s role as a major treasury could provide outsized returns to investors.
Conclusion
ARK Invest’s $4.4 million purchase of BitMine stock comes at a critical moment, with the company crossing 2 million ETH in holdings and cementing its position as the world’s largest Ethereum treasury.
With Ethereum’s long-term potential, BitMine’s ambitious goal of holding 5% of ETH’s supply, and a supportive macroeconomic environment, both institutional investors and retail traders are watching closely.
The combination of ARK’s continued accumulation, BitMine’s rising ETH reserves, and Tom Lee’s bullish outlook could make Ethereum one of the most significant investment stories of the decade.
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