Cathie Wood’s ARK Invest buys additional 242,347 shares of Ether treasury firm BitMine

Cathie Wood's ARK Invest has recently acquired an additional 242,347 shares of BitMine, reflecting a robust commitment to Ethereum. This move aligns with ARK's broader strategy, as evidenced by their recent purchase of 353,328 shares in Circle, which underscores their growing confidence in stablecoins and their role in digital finance. The combined investments suggest a strategic focus on enhancing market confidence in cryptocurrencies, particularly as ARK resumes its crypto buying spree, which may encourage wider adoption across the sector.