Is ARK Trimming Bitmine Immersion Technologies (BMNR) Redefining the Ethereum Treasury Playbook?

In late July 2026, Bitmine Immersion Technologies came under pressure as crypto-linked equities weakened amid falling Bitcoin and Ethereum prices and ongoing regulatory uncertainty, while ARK Invest trimmed its Ethereum exposure by selling Bitmine shares on Ethereum’s 11th anniversary. The move was especially closely watched because Bitmine is viewed as one of the two leading Ethereum treasury companies, and ARK Invest still described its Ether-focused treasury approach as an exponential...