Through his Founders Fund, Thiel has acquired a 9% stake in Bitmine. At the same time, ARK Invest—led by Wood—restructured three of its flagship ETFs to include a 1.5% position in the company, dumping shares of Coinbase and Roblox to fund the move.

ARK Invest acquires 4.4 million shares in Tom Lee-led Ethereum treasury firm Bitmine Immersion, reflecting its growing focus on Ethereum.

Bitmine stock soars as billionaire investor Peter Thiel reveals a 9.1% stake. But BMNR shares remain a speculative investment at best in 2025.

Cathie Wood snapped up shares of Tom Lee’s BitMine Immersion Technologies Inc., a US-listed Bitcoin miner that recently pivoted to pursue a treasury strategy tied to Ether, the world’s second-largest cryptocurrency.

ARK Invest deepens its Ethereum (ETH) exposure, buying 4.4 million shares of Tom Lee- and Peter Thiel-backed Bitmine Immersion Technologies, while trimming its holdings in Coinbase, among others.

ARK Invest has invested $175 million into the Ethereum treasury firm Bitmine as it trims its stakes in Coinbase and Roblox.

Bitmine Immersion Technologies (BMNR) was rising after the Bitcoin and Ethereum network company announced a $182M investment from Cathie Wood's ARK Invest.

Cathie Wood's ARK Invest acquired over 4.4 million shares of Bitmine Immersion Technologies (BMNR), an Ethereum treasury firm.