The female stock god enters a position in Ethereum! Ark Invest invests $182 million in BitMine; SharpLink Gaming buys another 80,000 ETH.

SharpLink Gaming has bought another 79,949 ETH over the past week, investing $258 million, bringing its total holdings to 360,807 ETH. Meanwhile, the investment firm ARK Invest, led by the "female stock god" Cathie Wood, invested $182 million in BitMine, betting on Ethereum's reserve strategy. (Background: Ethereum version of MicroStrategy Q&A: Analysis of the logic and holdings of four major US companies betting on ETH) (Background: Ethereum climbs to $3850! GameSquare increases position by $30 million ETH: raising reserve limit to $250 million) The US-listed company SharpLink Gaming, known as the "Ethereum version of MicroStrategy", announced on July 22 that it had bought another 79,949 ETH from July 14 to 20, investing $258 million at an average price of $3,238. After this increase, the company's Ether holdings were raised to 360,807, making it the entity holding the most ETH in the global public market. Staking rewards of 567 ETH SharpLink Gaming added that the funds for this increase in ETH holdings were still sourced from its "ATM" mechanism, issuing 3.8 million shares and raising $96.6 million to directly buy coins. It is worth noting that currently, 99.7% of its holdings in ETH have been sent to staking protocols, and the company has received 567 ETH in staking rewards. SBET rises by 12% Joseph Lubin, chairman of SharpLink's board, is also a co-founder of Ethereum, positioning ETH as the underlying fuel for online gaming, sports betting, and Web3 infrastructure. The market has recently responded positively to this "buy coins first, then talk about products" approach, with SBET rising nearly 12% during the trading session on July 22 after the latest coin sale news was announced, bringing its market capitalization to $2.816 billion. ARK Invest's $182 million investment in BitMine It is worth mentioning that BitMine Immersion Technologies also announced on July 22 that it had received a $182 million investment from ARK Invest, led by the "female stock god" Cathie Wood, which allowed her to purchase 4,773,444 shares of BitMine's common stock. BitMine stated that the funds will be fully used to invest in Ethereum. Originally a Bitcoin mining company, BitMine announced that starting June 2025, it will use Ethereum as its main treasury reserve asset, accelerating ETH accumulation through a $25 million private sale (completed on July 3). As of mid-July, BitMine holds over 300,000 ETH and aims to eventually control 5% of the global supply. The company is supported by institutions like Founders Fund and is led by Fundstrat founder Thomas "Tom" Lee and CEO Jonathan Bates, highlighting its ambitious goals. We are thrilled that Cathie Wood has heavily invested in BitMine; she sees exponential growth opportunities, and our goal is to reach a 5% share of ETH. Regulatory new law raises institutional participation willingness The trading heat is not a one-off event. US President Trump signed the GENIUS Act, which clearly establishes a regulatory framework for digital assets and smart contracts, viewed by the industry as a "watershed". The act reduces policy uncertainty, encouraging conservative funds to stop sitting on the sidelines. During the same period, net inflows into spot Ethereum ETFs reached $2.18 billion in a week. Currently, BlackRock's ETH trust assets are approaching $9.17 billion, accounting for nearly half of all ETH ETF funds, indicating strong demand. Related reports Ethereum's ten-year development of a "trust protocol": How to become the cornerstone of the next generation of digital finance? Ethereum Fusaka hard fork locked for November, Glamsterdam upgrade debuting in early 2026 Experts predict Ethereum could reach $5000 – a review of 5 potential altcoins. This article was first published in BlockTempo, the most influential blockchain news media.