**Ethereum Boom: BitMine Hits 2 Million ETH, ARK Invest Buys In**

Ethereum is heating up in a big way. Fundstrat CIO Tom Lee believes Ethereum is entering a “supercycle” — a long-term growth phase — as more big players move into the space. Lee, who also chairs BitMine Immersion Technologies, says Ethereum could be one of the biggest investment opportunities over the next 10 to 15 years. He points to Wall Street and artificial intelligence shifting toward blockchain, with most of that innovation happening on Ethereum.

BitMine just made headlines by revealing it now holds over 2 million ETH — worth nearly $9 billion at current prices. That news sent BitMine’s stock (BMNR) up by 4%. Adding fuel to the fire, Cathie Wood’s ARK Invest purchased another $4.4 million worth of BitMine shares, showing strong confidence in the company’s strategy.

**BitMine Becomes Leading Ethereum Holder**

BitMine now owns 2,069,443 ETH, making it the largest Ethereum treasury holder in the world. That’s more than double what the second-biggest holder, SharpLink Gaming, owns. SharpLink, chaired by Ethereum co-founder Joe Lubin, holds about 837,230 ETH.

At today’s ETH price of around $4,312, BitMine’s stash is valued at approximately $8.9 billion. This makes BitMine the second-largest crypto treasury overall, just behind Michael Saylor’s firm Strategy, which holds 638,460 Bitcoin worth over $71 billion.

In addition to its Ethereum reserves, BitMine also holds 192 Bitcoin and still has $264 million in cash on hand — money it plans to use to buy more digital assets.

**$20 Million Bet on Worldcoin via Eightco**

BitMine is not stopping with Ethereum. The company announced a bold $20 million investment in Eightco (OCTO), a company that recently made Worldcoin (WLD) its main crypto holding. This move aligns with BitMine’s long-term strategy and bet on emerging blockchain projects.

Since BitMine’s investment was revealed, Worldcoin’s price has jumped over 39% in just one day. Even more dramatic, Eightco’s stock soared more than 3,000%. OCTO shares are now up over 1,958% for the year.

**ARK Invest Adds More BitMine Shares**

As BitMine builds its Ethereum holdings and makes high-profile investments, ARK Invest continues to buy more of its stock. In its latest move, ARK purchased 101,950 shares of BitMine for about $4.4 million. These shares were split across three of ARK’s ETFs:

– ARKK (ARK Innovation ETF) bought 67,700 shares
– ARKW (Next Generation Internet ETF) picked up 21,890 shares
– ARKF (Fintech Innovation ETF) added 12,360 shares

ARK Invest now holds around 6.7 million shares of BitMine stock, worth roughly $284 million. The firm has been steadily increasing its position since April when BitMine first started building its Ethereum treasury.

Interestingly, while buying into BitMine, ARK also sold off 43,728 shares of Robinhood (HOOD), worth about $5.13 million. This sale came shortly after Robinhood was announced to be joining the S&P 500 index.

**Key Takeaways**

– BitMine now holds over 2 million ETH, making it the largest Ethereum treasury holder.
– Ethereum is being called a “macro trade” for the next decade by major investors.
– ARK Invest has heavily increased its stake in BitMine stock.
– BitMine invested $20M in Eightco after it adopted Worldcoin as its main crypto asset.
– Both Worldcoin and Eightco shares have seen massive gains following these moves.

Ethereum’s role as the backbone of blockchain innovation is becoming clearer every day — and companies like BitMine and major investors like Cathie Wood are placing big bets on its future.