ETH Crypto News: Cathie Wood's ARK Loads Up on ETH ...
UNITED STATES, JUL 22 – ARK Invest invested approximately $175 million to acquire 4.4 million shares of Bitmine Immersion Technologies, reflecting a strategic shift toward Ethereum and blockchain innovation.
- On July 21, ARK Invest acquired over 4.4 million shares of Bitmine Immersion Technologies, a $175 million investment, according to ARK Invest's July 21 trade disclosure.
- Backed by Peter Thiel's Founders Fund, Bitmine Immersion shifted focus from Bitcoin to building a massive Ethereum treasury, supporting its goal to acquire and stake 5% of Ethereum’s supply.
- Continuing its rebalancing, ARK Investment Management sold 218,986 shares of Coinbase, ARK Investment Management announced, across three ETFs.
- As a result, BitMine's stock hit $135 following ARK Invest's $175 million purchase, with treasury exceeding $1 billion in ETH, according to ARK Invest.
- Broader market data indicates that institutional players are increasingly adopting Ethereum treasury strategies, reflecting a shift from Bitcoin to Ethereum and highlighting blockchain innovation trends.
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ARK Invest Acquires $182 Million of BitMine Immersion (BMNR) Common Shares, Enabling BitMine to Further Advance its Ethereum Treasury Strategy
/PRNewswire/ -- (NYSE AMERICAN: BMNR) ("BitMine" or the "Company") today announced ARK Invest acquired 4,773,444 shares of BitMine common stock totalling $182...
Peter Thiel Effect? Cathie Wood Pours $175 Million Into Bitmine Immersion Stock As Founders Fund Backing, Ethereum Spike Fuels Buzz - Grayscale Ethereum Mini Trust (ETH) Common units of fractional undivided beneficial interest (ARCA:ETH)
Ark Invest, led by Cathie Wood, made significant trades on Monday.
Investment shows that more and more important figures in the financial sector believe in the potential of the second largest cryptocurrency as a reserve
Crypto News: ARK Invest Acquires $182 Million of BitMine Shares - Coin Surges
The post Crypto News: ARK Invest Acquires $182 Million of BitMine Shares appeared first on Coinpedia Fintech News On July 21, ARK Invest, an American investment management firm, purchased nearly $4.8 million of shares of BitMine Immersion Technologies Inc. (BMNR). ARK Invest, led by Cathie Wood, bought the BitMine shares for $182 million, aiming to accumulate Ethereum (ETH) as a core corporate treasury asset. ARK Invest Purchases a Share in Bit…
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