US EditionETH 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 its July 21 trade disclosure.
- Backed by Peter Thiel's Founders Fund, Bitmine Immersion shifted focus from Bitcoin to building massive Ethereum treasury, supporting a strategy 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.
- As a result, BitMine's stock jumped to an all-time high of $135, following ARK Invest's $175 million purchase of 4.4 million shares.
- Broader market data indicates that institutional players are shifting focus from Bitcoin to Ethereum treasury strategies, highlighting an industry trend toward blockchain innovation and crypto adoption.
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16 Articles
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.
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…
ARK Invest injects $182M into BitMine to accelerate Ethereum acquisition
BitMine has secured a major capital infusion from ARK Invest, which has acquired $182 million worth of BitMine equity across multiple ARK funds. According to a July 22 statement, the deal involved 4.77 million shares purchased via a block trade…
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