ARK Invest Boosts Stake in BitMine with $15.6M Purchase
Cathie Wood's ARK Invest has increased its investment in BitMine Immersion Technologies by $15.6 million, despite a recent drop in the company's stock. This investment reflects ARK's strong belief in BitMine, which is a significant holder of ether, having acquired over 1.7 million ETH valued at nearly $8 billion. With this latest purchase, ARK's total holdings in BitMine exceed $300 million across three funds.
ARK Invest Boosts Stake in BitMine with $15.6M Purchase
Cathie Wood's ARK Invest has increased its investment in BitMine Immersion Technologies by $15.6 million, despite a recent drop in the company's stock. This investment reflects ARK's strong belief in BitMine, which is a significant holder of ether, having acquired over 1.7 million ETH valued at nearly $8 billion. With this latest purchase, ARK's total holdings in BitMine exceed $300 million across three funds.
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