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Cathie Wood’s ARK Invest has continued its crypto stock shopping spree, adding more shares of BitMine Immersion Technologies and crypto exchange Bullish across its flagship ETFs.
According to trade disclosures from Friday, ARK’s Innovation ETF (ARKK), Next Generation Internet ETF (ARKW), and Fintech Innovation ETF (ARKF) collectively bought over 387,000 shares of BitMine and 144,000 shares of Bullish.
Based on recent market prices, the purchases amount to roughly $16 million in BitMine and $7.5 million in Bullish stock.
The biggest BitMine buy came from ARKK with 257,108 shares, followed by ARKW with 83,082 and ARKF with 47,135. For Bullish, ARKK again led with 81,811 shares, while ARKW and ARKF added 39,597 and 22,498 shares, respectively.
Related: <a href="https://cointelegraph.com/news/ark-invest-buys-bitmine-shares-worth-15m-bmnr-holdings-exceeds-300m" rel="noopener noreferrer nofollow">Cathie Wood’s ARK Invest buys another $15M of ETH firm BitMine</a>
<h2 id="ark-continues-to-buy-bullish">ARK continues to buy Bullish</h2>
The latest round of allocations builds on ARK’s August move, when the firm <a href="https://cointelegraph.com/news/ark-invest-buys-172m-bullish-shares-on-ipo-debut" rel="noopener noreferrer nofollow">scooped up 2.53 million Bullish shares</a> on its first trading day, investing about $172 million across all three ETFs.
As reported, Bullish’s stock <a href="https://cointelegraph.com/news/bullish-nyse-ipo-crypto-demand" rel="noopener noreferrer nofollow" target="https://cointelegraph.com/news/bullish-nyse-ipo-crypto-demand">surged 83.8% during its IPO session</a> and raised $1.1 billion, making it one of the year’s most-watched public listings in crypto.
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 <img alt="ARK Invest boosts crypto bets with $16M BitMine, $7.5M Bullish stock buys" src="https://s3.cointelegraph.com/uploads/2025-09/01991f18-e003-7a4f-9939-f011266863c8" title="">
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 Bullish shares were up 6% on Friday. Source: Google Finance
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</figure>
Bullish, which owns CoinDesk and operates a global crypto exchange, <a href="https://cointelegraph.com/news/bullish-ipo-valuation-crypto-institutional-demand" rel="noopener noreferrer nofollow">went public via a traditional IPO</a> after its 2021 SPAC deal collapsed. The company runs regulated entities across Hong Kong, Gibraltar, Singapore, the UK and other jurisdictions.
Related:&nbsp;<a href="https://cointelegraph.com/news/bullish-ipo-valuation-crypto-institutional-demand" rel="noopener noreferrer nofollow">CoinDesk owner Bullish ups IPO goal to $1B as Wall Street backs crypto push</a>
<h2 id="bitmine-adds-65-million-in-eth">BitMine adds $65 million in ETH</h2>
On Thursday, BitMine, the largest corporate holder of Ether (<a href="/ethereum-price" rel="noopener noreferrer">ETH</a>), <a href="https://cointelegraph.com/news/bitmine-buys-65m-ether-1971-moment-for-ethereum" rel="noopener noreferrer nofollow">purchased another $65 million worth of ETH</a> through six OTC transactions via Galaxy Digital. This latest acquisition pushes BitMine’s holdings to more than 1.5% of Ethereum’s circulating supply, all bought with cash and no leverage.
The buy comes as centralized exchanges face a significant Ether supply squeeze, with reserves down 38% since 2022 due to rising institutional accumulation and ETF activity.
Magazine: <a href="https://cointelegraph.com/magazine/tezos-blockchain-arthur-breitman-calls-bitcoin-funny-internet-money/" rel="noopener noreferrer nofollow">Bitcoin is ‘funny internet money’ during a crisis: Tezos co-founder</a>

ARK Invest boosts crypto bets with $16M BitMine, $7.5M Bullish stock buys

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