ARK invest buys $174M in Bitmine, dumps coinbase and roblox in Ethereum pivot

22-7-2025 – ARK Investment Management, led by Cathie Wood, has rebalanced its portfolios, acquiring 4. 4 million shares of Bitmine Immersion Technologies (BMNR), an Ethereum treasury company, for approximately $174 million. The purchase, spread across ARK’s Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF) ETFs, marks Wood’s first investment in Bitmine since its strategic [. source: https://www.cointrackdaily.com/ark-invest-buys-174m-in-bitmine-dumps-coinbase-and-roblox-in-ethereum-pivot/