ARK Invest CEO Cathie Wood is one of the first investors to gain exposure to cryptocurrencies. She once revealed that ARK was the first public asset manager to gain Bitcoin (BTC) exposure in
ARK Invest CEO Cathie Wood is one of the first investors to gain exposure to cryptocurrencies.
She once revealed that ARK was the first public asset manager to gain Bitcoin (BTC) exposure in 2015 when the cryptocurrency wasn't worth even $500.
Related: Cathie Wood sends blunt message after Bitcoin crashes
Today, the asset manager also maintains exposure to Ethereum (ETH) through its stake in Bitmine Immersion Technologies (NYSE: BMNR), the leading Ether treasury company chaired by Wall Street veteran Tom Lee.
With a market capitalization of $225 billion, Ethereum is the second-largest cryptocurrency after Bitcoin. Launched on July 30, 2015, the network celebrated its 11th anniversary yesterday.
Though Ether is down 37% this year, it has gained 16% in the last month. The BMNR stock, an Ether proxy, is also down 38% this year but has gained 25% in the last month.
However, ARK Invest decided to trim its Ethereum exposure on the network's 11th anniversary when it sold 33,560 BMNR shares worth $606,764 on July 30. Notably, the asset manager has described Bitmine’s Ether treasury strategy as an “exponential opportunity” looking into 2026.
While the BMNR stock was trading at $16.78 at press time, Ether was trading at $1,856.27.
Thomas Lee speaks at BTC, ETH and WLD are Friends on September 16, 2025 in Washington, DC.The asset manager also sold $287,909 worth of 12,745 shares of Peter Thiel-backed Bullish (NYSE: BLSH) crypto exchange. The stock was trading at $20.99 at press time, down 44% this year.
The same day, ARK Invest purchased 26,509 shares of Meta Platforms (Nasdaq: META) worth $14.3 million after Mark Zuckerberg's tech company reported the earnings for the second quarter of 2026 on July 29.
Though Meta's revenue of $60.80 billion beat the estimated figure of $60.2 billion, its earnings per share (EPS) of $6.18 missed the estimated $7.14.
During the earnings call, Zuckerberg said the company has an ambitious AI plan,
“We see a large enterprise opportunity to sell to businesses, including APIs, business agents, potentially selling compute directly, and other services that we’re building for large customers.”
Though the META stock lost 16% of its value this year, it's up 2.5% in a month. At press time, it was trading at $551.30.
