🔥 TODAY: Cathie Wood’s Ark Invest bought another 242,347 of $ETH treasury company BMNR shares on Nov. 13. https://t.co/9cXawgcTob ...

Core Insights - Ark Invest, led by Cathie Wood, executed significant trades focusing on tech and crypto sectors, including Circle Internet Group, Bitmine Immersion Technologies, Bullish, Advanced Micro Devices, and Reddit [1] Circle Trade - Ark Invest purchased 188,941 shares of Circle across multiple ETFs, including ARK Fintech Innovation ETF, ARK Innovation ETF, and ARK Next Generation Internet ETF [2] - Circle's stock closed at $82.34, down 4.59%, but Bernstein analysts maintain a $230 price target, citing strong Q3 performance despite competition from Stripe and PayPal [3] - The total value of Ark's purchase was approximately $15.5 million [4] Bitmine Immersion Trade - Ark Invest increased its holdings in Bitmine Immersion Technologies by purchasing 242,347 shares [5] - Bitmine aims to own 5% of the total Ethereum supply and recently expanded its holdings to 2.9%, now holding over 3.5 million ETH, 192 Bitcoin, and $398 million in cash [6] - The purchase amounted to around $8.9 million [7] Bullish Trade - Ark purchased 177,480 shares of Bullish, with shares closing at $41.02, down 9.85% [8] - The value of Ark's latest acquisition was approximately $7.3 million, indicating continued support for the crypto exchange [8] AMD Trade - Ark reduced its AMD position by 87,051 shares, with shares closing at $247.96, a 4.22% decrease [9] - The sale was valued at about $21.6 million, with mixed analyst reactions to AMD's ambitious $20 EPS target by 2030 [9] Reddit Trade - Ark sold 39,854 shares of Reddit, which closed at $189.42, down 6.61% [10] - Reddit reported Q3 earnings of 80 cents per share and $585 million in revenue, with a 19% increase in daily active users and a 74% surge in ad revenue [11]

Core Viewpoint - Defiance ETFs has launched the Defiance Daily Target 2X Short BMNR ETF (Ticker: BMNZ), aimed at sophisticated traders seeking to express short-term bearish views on BitMine Immersion Technologies, Inc. [1][2] Investment Objective - The BMNZ ETF seeks to deliver -200% of the daily percentage change in the share price of BitMine Immersion Technologies, Inc., focusing solely on daily performance before fees and expenses [3][5]. Underlying Stock - BitMine Immersion Technologies, Inc. specializes in industrial-scale digital asset mining, primarily self-mining bitcoin and hosting third-party mining equipment [4]. Fund Suitability - The BMNZ ETF is designed for knowledgeable investors who understand the risks associated with leveraged investments and are willing to actively monitor their portfolios [5][6]. Performance Characteristics - The Fund's performance is intended for short-term use, and its results may differ significantly from -200% of the underlying stock's performance over longer periods due to compounding effects [5][12]. Risks Associated with the Fund - The Fund is subject to various risks, including market volatility, leverage risk, and the potential for significant losses if the underlying stock's price increases [8][14][21].

Core Viewpoint - Cryptocurrency-related stocks showed strong pre-market performance, driven by market expectations of an imminent end to the U.S. government shutdown, alongside a notable increase in Bitcoin and Ethereum prices [1] Group 1: Stock Performance - Bitmine Immersion Technologies (BMNR.US) rose over 7% [1] - IREN Ltd (IREN.US) increased by more than 6% [1] - Cipher Mining (CIFR.US) gained nearly 5% [1] - Coinbase (COIN.US), Robinhood (HOOD.US), Circle (CRCL.US), and SoFi Technologies (SOFI.US) all saw increases of over 3% [1] Group 2: Cryptocurrency Price Movements - Bitcoin surged by 1.66%, currently priced at $106,462 [1] - Ethereum rose nearly 1%, currently priced at $3,615 [1]

Core Insights - BitMine's total crypto and cash holdings amount to $13.2 billion, including 3.5 million ETH tokens and $398 million in unencumbered cash [1][2][3] - The company aims to acquire 5% of the total ETH supply, currently holding 2.9% [1][3] - BitMine is recognized as the largest ETH treasury globally and the second-largest crypto treasury overall, following Strategy Inc. [3] Company Holdings - As of November 9, 2025, BitMine's crypto holdings include 3,505,723 ETH valued at $3,639 per ETH, 192 BTC, and a $61 million stake in Eightco Holdings [2] - The company increased its ETH purchases by 34% over the past week, acquiring 110,288 ETH tokens [3] Trading and Market Position - BitMine is the 48th most traded stock in the US, with an average daily trading volume of $1.6 billion [4] - The combined trading volume share of BitMine and MSTR accounts for 88% of all global DAT trading volume [5] Institutional Support - BitMine is backed by prominent institutional investors, including ARK's Cathie Wood, Founders Fund, and others, which supports its goal of acquiring 5% of ETH [1][3] Industry Context - The recent dip in ETH prices has been viewed as an opportunity for increased purchases, with expectations of improved trading volumes in the upcoming weeks [5] - The company emphasizes the importance of tokenizing assets on the blockchain, which is seen as a transformative trend in financial services [3]

Core Insights - Bitcoin has returned to $106,000, while Ethereum briefly reached $3,600 [1] - Cryptocurrency-related stocks saw significant pre-market gains, with IREN and BMNR rising over 7%, Circle and MARA increasing nearly 4%, and Coinbase and Strategy climbing over 3% [1] Company Performance - IREN and BMNR experienced a rise of more than 7% in pre-market trading [1] - Circle and MARA saw an increase of nearly 4% [1] - Coinbase and Strategy recorded gains of over 3% [1]

Core Insights - ARK Invest, led by Cathie Wood, has increased its investment in BitMine, a company focused on Ether treasury, founded by Tom Lee, while reducing its stake in Tesla [1] Group 1: Investment Moves - ARK Invest has expanded its position in BitMine, indicating a strategic shift towards cryptocurrency investments [1] - The firm has decreased its long-standing exposure to Tesla, suggesting a reevaluation of its investment strategy in the electric vehicle sector [1]

Core Insights - Cathie Wood continues to invest in crypto stocks despite market downturns, showing confidence in disruptive technology sectors like digital assets and AI [1] - ARK Invest has increased its stake in Bitmine Immersion Technologies, acquiring 240,507 shares valued at approximately $9.2 million [4] - Bitmine holds 3.31 million ETH worth over $11 billion and aims to capture 5% of the total Ether supply, making it the second-largest crypto treasury [5] Company Specifics - Bitmine Immersion Technologies is chaired by Tom Lee and is recognized as a leading Ethereum treasury firm [2] - ARK Invest's initial investment in Bitmine was in July, which Wood described as a "vote of confidence" in the Ether proxy [4] - Despite a 35% decline in BMNR stock value over the past month, ARK's recent acquisition indicates ongoing confidence in Bitmine's future prospects [6] Market Performance - BMNR stock experienced a 7% drop to close at $37.37 but rebounded over 4% to trade at $38.94 the following day [5] - ARK Invest holds significant shares across multiple funds: 167,348 in ARKK, 48,361 in ARKW, and 24,798 in ARKF [8]

If you're a cryptocurrency believer but don't want to bother with cold wallets and crypto exchanges, there's an indirect way to invest in Ethereum (CRYPTO:ETH). ...

Group 1 - Ethereum (ETH) has lost nearly 40% from its August highs, erasing all its gains for 2025, leading to predictions of a potential crash below $3,000 [2][6] - Bitmine Immersion Technologies Inc. has been accumulating ETH reserves, positioning itself as one of the largest Ethereum holders among public miners, indicating long-term conviction rather than capitulation [2][3] - The company is backed by prominent investors, including Peter Thiel's Founders Fund, which holds a 9.1% stake, and Cathie Wood's ARK Invest, which initially purchased 4.8 million shares worth $182 million [3][4] Group 2 - Tom Lee, a veteran Wall Street strategist and chairman of Bitmine, is known for his bullish views on Ethereum, suggesting confidence in ETH's future despite current price challenges [5] - The contrasting perspectives between Peter Schiff's bearish outlook on Ether and Bitmine's bullish stance highlight a significant divergence in market sentiment, with one side favoring gold and the other favoring Ether [6]