Quick Breakdown
- ARK Invest added $4.4M in BitMine shares, raising total holdings to $284M.
- BitMine now controls over 2M ETH, 42% of corporate Ethereum treasuries.
- Tom Lee expects Fed rate cuts to boost crypto and small-cap equities.
ARK Invest Adds $4.4M in BitMine Shares
Cathie Wood’s ARK Invest has expanded its exposure to BitMine Immersion Technologies (BMNR), the Ether-focused treasury firm chaired by Tom Lee. On Monday, ARK acquired 101,950 shares worth approximately $4.4 million across three funds: the Ark Innovation ETF, Ark Next Generation Internet ETF, and ARK Fintech Innovation ETF.
Here’s every move Cathie Wood and Ark Invest made in the stock market yesterday 9/8 pic.twitter.com/sZ7HBw8684
— Ark Invest Tracker (@ArkkDaily) September 9, 2025
The Ark Innovation ETF now allocates 2.6% to BitMine, while the other two funds maintain similar positions. Altogether, ARK funds hold 6.7 million shares in the firm, valued at about $284 million, according to fund prospectuses.
BitMine stock responded positively, climbing 4.1% in after-hours trading to $44.10. The stock has soared nearly 460% since the beginning of the year according to Google Finance data.
BitMine Reaches Historic Ether Milestone
The investment came as BitMine announced its Ether holdings had crossed the 2 million ETH mark, valued at roughly $8.9 billion. This milestone makes BitMine the world’s largest Ether treasury, controlling 42% of the total ETH held by corporations currently 4.9 million ETH in aggregate.
Since April, the company has accumulated 1.7% of the entire Ether supply. BitMine’s long-term goal is to secure 5%, with current holdings representing only 34% of that target.
“We continue to believe Ethereum is one of the biggest macro trades over the next 10–15 years,”
said BitMine chairman Tom Lee.
Tom Lee Eyes Fed Rate Cut as Catalyst
Alongside the Ether announcement, Lee voiced optimism about potential Federal Reserve rate cuts. Speaking to CNBC, he highlighted that lower rates would reduce borrowing costs, particularly mortgages, and bolster business confidence.
Market indicators show traders widely expect the Fed to deliver a 25 basis point cut next week, with an 89.4% probability, while only a 10.6% chance remains for a larger 50-point move. Standard Chartered also now expects the Fed to slash rates by 50 basis points in September, doubling its previous 25 bps forecast.
If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
