ARK Invest Acquires 4.77M Shares Of BitMine Common Stock Totalling $182M; Co Expects To Invest 100% Of Net Proceeds To Acquire ETH

-6.59%

BitMine Immersion Technologies

BMNR

29.32

-6.59%

Cathie Wood's ARK Invest has acquired $182 million of BMNR equity across multiple of its Funds, representing 4,773,444 common shares

100% of net proceeds of $177 million from ARK sale to be used to acquire ETH

Cathie Wood, MOZAYYX, Founders Fund, Pantera, Kraken, DCG, and Galaxy Digital support BitMine's goal of acquiring 5% of ETH

LAS VEGAS, July 22, 2025 /PRNewswire/ -- (NYSE:BMNR) ("BitMine" or the "Company") today announced ARK Invest acquired 4,773,444 shares of BitMine common stock totalling $182 million. The Company expects to invest 100% of the net proceeds ($177 million) to acquire ETH. This transaction was accomplished via a block trade made in connection with the Company's previously announced ATM program.

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