Ark Invest Bets Big: $20M Plunge into BitMine as Block Inc Gets $15M Exit

Ark Invest just made a power move—shoveling $20 million into BitMine while dumping $15 million worth of Block Inc shares. Crypto’s institutional whales are circling.

Bullish on Bitcoin’s backbone? BitMine’s sudden institutional embrace suggests miners are back in vogue. Meanwhile, Block’s partial exit raises eyebrows—was it profit-taking or loss-cutting?

One thing’s clear: when Cathie Wood’s fund zigzags, markets pay attention. Even if her analysts still confuse ‘blockchain’ with ‘Excel spreadsheet.’

Ark Invest has purchased $20 million worth of BitMine shares, boosting its exposure to the crypto-focused firm’s Ether treasury strategy. The buy follows Ark’s major $182 million investment in BitMine last week and signals growing institutional interest in blockchain-based treasury models. Simultaneously, Ark Invest sold $15 million in Block Inc shares as part of a broader portfolio reshuffle, which also included trimming stakes in Robinhood and Coinbase. The moves highlight Ark’s continued rebalancing between fintech and emerging crypto infrastructure holdings