ARKK Sells Shares of BitMine and Other Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: stocktwits
- BitMine Sell-off: ARKK sold 124,168 shares of BitMine Immersion Technologies on Monday, valued at approximately $2 million, indicating a weakening confidence in the stock despite previous consistent buying since mid-2025.
- Largest Cut on Roku: Roku experienced the largest cut at 1.14%, with 665,136 shares sold, reflecting ARKK's strategic adjustment in its holdings amidst a challenging market.
- Overall Selling Trend: The ARK Innovation ETF reported only sales on Monday without any purchases, showcasing ARK Invest's cautious stance in the current market environment, particularly as tech stocks face pressure.
- BitMine Price Decline: BitMine's stock has plummeted from a 52-week high of $161 to around $17, down over 38% this year, highlighting the volatility in the cryptocurrency market and shifts in investor sentiment.
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Analyst Views on BMNR
Wall Street analysts forecast BMNR stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 15.700
Low
39.00
Averages
43.00
High
47.00
Current: 15.700
Low
39.00
Averages
43.00
High
47.00
About BMNR
Bitmine Immersion Technologies Inc. is a Bitcoin (BTC) and Ethereum (ETH) network company, focusing on the accumulation of Crypto for long-term investment. Its business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies, and general Bitcoin advisory to public companies. Its business integrates a digital asset treasury anchored in ETH with an operating platform historically focused on BTC mining and hosting. Through its legacy mining-as-a-service business, it provided turnkey infrastructure and management solutions for institutional clients seeking BTC mining exposure without direct operational obligations. The mining-as-a-services include hardware sales and deployment support; operations management, uptime maximization, and pool payout optimization; and financial reporting and compliance support. It also operates Made-in America VAlidator Network (MAVAN).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bitmine's Ethereum Purchase Signals Weak Sentiment
- Large Purchase: Bitmine Immersion Technologies announced on June 8 that it acquired 126,971 ETH for approximately $214 million, marking its largest weekly purchase of 2026, despite Ethereum's price being down 63% from its August 2025 all-time high, indicating a lack of confidence in the asset.
- Low Market Sentiment: Current investor sentiment around Ethereum is extremely fearful, even though it still holds about 53% of the total tokenized real-world asset value in the crypto market, suggesting that the pessimistic outlook may affect short-term investment decisions.
- Growth Potential: Ethereum's real-world asset value has surged from $11.6 billion in mid-June 2025 to $31.8 billion today, and it commands 49.5% of the stablecoin market, indicating its potential in future growth segments despite facing volatility in the short term.
- Caution for Investors: While Bitmine aims to increase its Ethereum holdings to 5%, ordinary investors are advised to exercise caution given the current market sentiment and potential risks, rather than following the trend blindly.
See More
Bitmine Declares Cash Dividend of $0.1056
- Dividend Announcement: Bitmine Immersion Technologies has declared a cash dividend of $0.1056 per share on its Series A preferred stock, reflecting the company's financial stability and commitment to shareholder returns in the current market environment.
- Dividend Payment Date: The dividend will be paid on July 10, 2026, to shareholders registered as holders of Series A preferred stock by the close of trading on June 30, 2026, ensuring timely returns for investors.
- Strategic Investment Focus: Bitmine aims to leverage its surplus capital to become a leading Ethereum treasury company globally, employing innovative digital asset strategies to attract institutional investors, thereby enhancing its competitive position in the market.
- New Infrastructure Launch: The company launched MAVAN (Made-in-America Validator Network) in 2026, providing dedicated staking infrastructure for its digital assets, which aims to enhance asset yield potential through protocol-level activities, showcasing its forward-looking approach in the digital asset space.
See More
Bitmine Declares Cash Dividend on Series A Preferred Stock
- Cash Dividend Announcement: Bitmine Immersion Technologies has declared a cash dividend of $0.1056 per share on its Series A preferred stock, reflecting the company's financial stability and commitment to shareholder returns in the current market environment.
- Dividend Payment Timing: The dividend will be paid on July 10, 2026, to shareholders of record as of the close of trading on June 30, 2026, ensuring that shareholders are rewarded at a critical juncture.
- Strategic Company Transformation: Bitmine is leveraging its excess capital to position itself as a leading treasury management firm focused on Ethereum, indicating its innovative strategy and market positioning in the digital asset space.
- New Infrastructure Launch: In 2026, Bitmine launched MAVAN (Made-in-America Validator Network), providing dedicated staking infrastructure for its assets, further enhancing its competitive edge in digital asset management.
See More
Bitmine Declares Cash Dividend on Series A Preferred Stock
- Cash Dividend Announcement: Bitmine Immersion Technologies has declared a cash dividend of $0.1056 per share on its 9.50% Series A preferred stock, payable on July 10, 2026, reflecting the company's commitment to stable cash flow and aiming to bolster investor confidence.
- Preferred Stock Details: The dividend applies to the Series A preferred shares listed on the New York Stock Exchange, ensuring compliance and transparency in its financial operations, which is crucial for maintaining investor trust.
- Shareholder Record Date: The record date for shareholders entitled to the dividend is June 30, 2026, indicating the company's diligence in shareholder equity management, which aims to protect shareholder interests and attract more investors.
- Strategic Asset Allocation: Bitmine is deploying its capital to become the world's first Ethereum treasury company, implementing an innovative digital asset strategy, showcasing its forward-looking positioning in the cryptocurrency market.
See More
Overview of Eightco Holdings' Asset Portfolio
- Asset Portfolio Overview: As of June 18, 2026, Eightco Holdings' asset portfolio totals approximately $472 million, including $90 million in OpenAI shares, $18 million in Beast Industries shares, 283 million WLD, and $149 million in cash, showcasing the company's robust investment capacity in digital assets.
- Impact of OpenAI Investment: Eightco indirectly holds about $90 million in OpenAI through special purpose vehicles, representing 19% of its treasury assets, positioning Eightco prominently in the rapidly growing AI market and likely attracting increased investor interest.
- Market Potential of Worldcoin: Eightco holds over 283 million WLD, accounting for approximately 8.3% of the circulating supply, making it the largest publicly disclosed institutional holder globally, which is expected to provide significant market opportunities in digital identity verification, potentially tapping into a $6.35 trillion revenue market.
- Strategic Investment in Beast Industries: Eightco's $18 million investment in Beast Industries represents 4% of its equity, with the company leveraging MrBeast's influence to reach over 500 million followers across social media, which is anticipated to further enhance Eightco's market value through growth in content creation and distribution.
See More
Eightco Holdings Asset Update and Investment Overview
- Total Asset Overview: As of June 18, 2026, Eightco Holdings reports total assets of approximately $472 million, including $90 million in OpenAI shares and $18 million in Beast Industries shares, indicating a strategic investment approach in digital assets and private tech firms.
- Digital Asset Investment: Eightco holds over 283 million WLD tokens, representing about 8.3% of the circulating supply, making it the largest publicly disclosed institutional holder globally, which enhances its influence in the digital economy.
- AI Investment Outlook: Eightco's indirect investment in OpenAI through special purpose vehicles amounts to $90 million, accounting for approximately 19% of its assets, reflecting the company's confidence and strategic focus on future growth in the AI sector.
- Creator Economy Engagement: Eightco's investment in Beast Industries totals $18 million, representing about 4% of its assets, with the company boasting a consumer base of over 500 million, showcasing Eightco's forward-looking positioning in the creator economy.
See More
Bitmine's Ethereum Purchase Signals Weak Sentiment
- Large Purchase: Bitmine Immersion Technologies announced on June 8 that it acquired 126,971 ETH for approximately $214 million, marking its largest weekly purchase of 2026, despite Ethereum's price being down 63% from its August 2025 all-time high, indicating a lack of confidence in the asset.
- Low Market Sentiment: Current investor sentiment around Ethereum is extremely fearful, even though it still holds about 53% of the total tokenized real-world asset value in the crypto market, suggesting that the pessimistic outlook may affect short-term investment decisions.
- Growth Potential: Ethereum's real-world asset value has surged from $11.6 billion in mid-June 2025 to $31.8 billion today, and it commands 49.5% of the stablecoin market, indicating its potential in future growth segments despite facing volatility in the short term.
- Caution for Investors: While Bitmine aims to increase its Ethereum holdings to 5%, ordinary investors are advised to exercise caution given the current market sentiment and potential risks, rather than following the trend blindly.
See More
Bitmine Declares Cash Dividend of $0.1056
- Dividend Announcement: Bitmine Immersion Technologies has declared a cash dividend of $0.1056 per share on its Series A preferred stock, reflecting the company's financial stability and commitment to shareholder returns in the current market environment.
- Dividend Payment Date: The dividend will be paid on July 10, 2026, to shareholders registered as holders of Series A preferred stock by the close of trading on June 30, 2026, ensuring timely returns for investors.
- Strategic Investment Focus: Bitmine aims to leverage its surplus capital to become a leading Ethereum treasury company globally, employing innovative digital asset strategies to attract institutional investors, thereby enhancing its competitive position in the market.
- New Infrastructure Launch: The company launched MAVAN (Made-in-America Validator Network) in 2026, providing dedicated staking infrastructure for its digital assets, which aims to enhance asset yield potential through protocol-level activities, showcasing its forward-looking approach in the digital asset space.
See More
Bitmine Declares Cash Dividend on Series A Preferred Stock
- Cash Dividend Announcement: Bitmine Immersion Technologies has declared a cash dividend of $0.1056 per share on its Series A preferred stock, reflecting the company's financial stability and commitment to shareholder returns in the current market environment.
- Dividend Payment Timing: The dividend will be paid on July 10, 2026, to shareholders of record as of the close of trading on June 30, 2026, ensuring that shareholders are rewarded at a critical juncture.
- Strategic Company Transformation: Bitmine is leveraging its excess capital to position itself as a leading treasury management firm focused on Ethereum, indicating its innovative strategy and market positioning in the digital asset space.
- New Infrastructure Launch: In 2026, Bitmine launched MAVAN (Made-in-America Validator Network), providing dedicated staking infrastructure for its assets, further enhancing its competitive edge in digital asset management.
See More
Bitmine Declares Cash Dividend on Series A Preferred Stock
- Cash Dividend Announcement: Bitmine Immersion Technologies has declared a cash dividend of $0.1056 per share on its 9.50% Series A preferred stock, payable on July 10, 2026, reflecting the company's commitment to stable cash flow and aiming to bolster investor confidence.
- Preferred Stock Details: The dividend applies to the Series A preferred shares listed on the New York Stock Exchange, ensuring compliance and transparency in its financial operations, which is crucial for maintaining investor trust.
- Shareholder Record Date: The record date for shareholders entitled to the dividend is June 30, 2026, indicating the company's diligence in shareholder equity management, which aims to protect shareholder interests and attract more investors.
- Strategic Asset Allocation: Bitmine is deploying its capital to become the world's first Ethereum treasury company, implementing an innovative digital asset strategy, showcasing its forward-looking positioning in the cryptocurrency market.
See More
Overview of Eightco Holdings' Asset Portfolio
- Asset Portfolio Overview: As of June 18, 2026, Eightco Holdings' asset portfolio totals approximately $472 million, including $90 million in OpenAI shares, $18 million in Beast Industries shares, 283 million WLD, and $149 million in cash, showcasing the company's robust investment capacity in digital assets.
- Impact of OpenAI Investment: Eightco indirectly holds about $90 million in OpenAI through special purpose vehicles, representing 19% of its treasury assets, positioning Eightco prominently in the rapidly growing AI market and likely attracting increased investor interest.
- Market Potential of Worldcoin: Eightco holds over 283 million WLD, accounting for approximately 8.3% of the circulating supply, making it the largest publicly disclosed institutional holder globally, which is expected to provide significant market opportunities in digital identity verification, potentially tapping into a $6.35 trillion revenue market.
- Strategic Investment in Beast Industries: Eightco's $18 million investment in Beast Industries represents 4% of its equity, with the company leveraging MrBeast's influence to reach over 500 million followers across social media, which is anticipated to further enhance Eightco's market value through growth in content creation and distribution.
See More
Eightco Holdings Asset Update and Investment Overview
- Total Asset Overview: As of June 18, 2026, Eightco Holdings reports total assets of approximately $472 million, including $90 million in OpenAI shares and $18 million in Beast Industries shares, indicating a strategic investment approach in digital assets and private tech firms.
- Digital Asset Investment: Eightco holds over 283 million WLD tokens, representing about 8.3% of the circulating supply, making it the largest publicly disclosed institutional holder globally, which enhances its influence in the digital economy.
- AI Investment Outlook: Eightco's indirect investment in OpenAI through special purpose vehicles amounts to $90 million, accounting for approximately 19% of its assets, reflecting the company's confidence and strategic focus on future growth in the AI sector.
- Creator Economy Engagement: Eightco's investment in Beast Industries totals $18 million, representing about 4% of its assets, with the company boasting a consumer base of over 500 million, showcasing Eightco's forward-looking positioning in the creator economy.
See More
