ARK Invest wraps up week with Bitcoin ETF, Bullish, Circle, BitMine buys

BitMine, led by Tom Lee, has significantly increased its Ethereum holdings by acquiring nearly 70,000 Ether last week, bringing its total to over 3% of the entire ETH supply. This acquisition occurred despite the company facing around $4 billion in unrealized losses on its investments in Ethereum.

BitMine has acquired an additional 21,537 Ethereum tokens for approximately $60 million, increasing its holdings to over 3% of the total Ethereum supply despite facing around $4 billion in unrealized losses. This purchase comes amid a recovering market for Ethereum, which had previously seen a significant decline of over 25% in value within a month.

BitMine has significantly expanded its Ethereum holdings by purchasing 21,537 ether tokens, despite facing a challenging market characterized by declining stock prices and substantial unrealized losses. This acquisition reflects the company's ongoing strategy to accumulate Ethereum amid adverse market conditions, as reported by analytics platform Lookonchain.

BitMine, a treasury firm focused on Ethereum, has announced the cryptocurrency industry's first-ever dividend payment, marking a significant milestone in the evolving landscape of digital assets. This development comes amidst a tumultuous year for the cryptocurrency sector, characterized by fluctuating performances of digital asset treasuries (DATs).

ARK Invest has significantly increased its cryptocurrency investments by acquiring shares in Bullish, BitMine, Circle, and Robinhood, along with nearly $600,000 in Bitcoin ETFs, as the market shows signs of recovery after a recent downturn.

ARK Invest has significantly increased its cryptocurrency investments by acquiring shares in Bullish, BitMine, Circle, and Robinhood, along with nearly $600,000 in Bitcoin ETFs, as the market shows signs of recovery after a recent downturn.