Cathie Wood’s ARK Invest has further increased its investment in BitMine Immersion Technologies (BMNR), the Ether-focused treasury firm chaired by Tom Lee. On Monday, ARK bought 101,950 shares valued at approximately $4.4 million, distributed across three of its funds: the Ark Innovation ETF, which now holds a 2.6% allocation, the Ark Next Generation Internet ETF, and the ARK Fintech Innovation ETF, both with similar stakes. Combined, the three ARK funds now hold 6.7 million BitMine shares worth around $284 million, according to fund filings. This move continues a pattern of growing exposure to BitMine, which began in April when the firm ramped up its accumulation of Ether as a treasury asset. Following the announcement, BitMine shares surged 4.1%, closing at $44.10 in after-hours trading. Over the course of the year, its stock has soared by an impressive 460%. BitMine Breaks Records with 2M ETH Holdings The ARK investment coincided with BitMine reaching a major milestone: surpassing 2 million ETH , valued at about $8.9 billion. This represents 1.7% of the total Ether supply, making BitMine the largest corporate holder of Ether, controlling 42% of all ETH collected by corporations to date. Despite this rapid accumulation, BitMine is only 34% toward its goal of holding 5% of Ether’s supply, signaling further buying potential. “We continue to believe Ethereum is one of the biggest macro trades over the next 10–15 years,” Tom Lee stated, reaffirming his bullish outlook. Meanwhile, Ether’s price has remained stagnant this month, trading within a narrow range, though sentiment around its long-term potential remains strong. Fed Rate Cuts and What’s Next for Crypto? In addition to his Ether enthusiasm, Lee is optimistic about the Federal Reserve’s upcoming interest rate decision . Speaking to CNBC, he said a cut in rates would lower borrowing costs, especially for mortgages, and enhance business confidence. Futures markets currently reflect an 89.4% probability of a 25 basis point cut, with a smaller chance of a 50 basis point reduction. Lee’s outlook ties macroeconomic trends to crypto’s continued growth, reinforcing confidence in both Ether and broader markets. The post Cathie Wood’s ARK Invest Expands Exposure to BitMine Holding 2M ETH appeared first on TheCoinrise.com .
