BitMine Immersion shares skyrocketed over 827% in the past month following a $182 million strategic investment from ARK Invest. The dramatic valuation surge highlights intensifying institutional interest in Ethereum-centric strategies as BitMine pivots decisively from Bitcoin mining toward building a multi-billion-dollar Ethereum treasury.
ARK Invest acquired 4,773,444 BitMine shares, with the company directing all proceeds toward aggressive Ethereum accumulation. This capital deployment aligns with broader market momentum favoring Ethereum adoption, positioning BitMine to significantly expand its crypto-asset reserves.
Ethereum’s price concurrently surged 45% to approximately $3,725, partially fueled by treasury expansions at entities like BitMine and SharpLink Gaming. ARK Invest distributed its BitMine holdings across flagship funds—ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF)—demonstrating diversified institutional conviction in the company’s growth trajectory.