institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

ETH Crypto News: Cathie Wood's ARK Loads Up on ETH ...

UNITED STATES, JUL 22 – ARK Invest invested approximately $175 million to acquire 4.4 million shares of Bitmine Immersion Technologies, reflecting a strategic shift toward Ethereum and blockchain innovation.

  • On July 21, ARK Invest acquired over 4.4 million shares of Bitmine Immersion Technologies, a $175 million investment, according to ARK Invest's July 21 trade disclosure.
  • Backed by Peter Thiel's Founders Fund, Bitmine Immersion shifted focus from Bitcoin to building a massive Ethereum treasury, supporting its goal to acquire and stake 5% of Ethereum’s supply.
  • Continuing its rebalancing, ARK Investment Management sold 218,986 shares of Coinbase, ARK Investment Management announced, across three ETFs.
  • As a result, BitMine's stock hit $135 following ARK Invest's $175 million purchase, with treasury exceeding $1 billion in ETH, according to ARK Invest.
  • Broader market data indicates that institutional players are increasingly adopting Ethereum treasury strategies, reflecting a shift from Bitcoin to Ethereum and highlighting blockchain innovation trends.
Insights by Ground AI
Does this summary seem wrong?

17 Articles

Investment shows that more and more important figures in the financial sector believe in the potential of the second largest cryptocurrency as a reserve

·Brazil
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 75% of the sources are Center
75% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Crypto Briefing broke the news in on Tuesday, July 22, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.