ARK Invest, known for its investments in the technology sector, including cryptocurrency companies, has increased its stake in Bitmine, a company that has been acquiring billions of dollars in Ether since June.
Cathie Wood's company made headlines by aggressively starting Ether purchases from Bitmine, acquiring $175 million worth of shares during that period.
In the last 5 days, ARK Invest made a purchase of $15.6 million from Bitmine, which has dropped more than 11%. The shares were distributed among ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETFs (ARKF).
It had increased dozens of times.
A Bitcoin mining company that started making heavy Ether purchases at the end of June after Tom Lee took over, later saw a significant rise in its shares. At that time, the stock price of Bitmine, which was around 10 dollars, had risen above 160 dollars.
Bitmine, which closed yesterday's trading day with a 7% drop, is trading at around 46 dollars.
Ether has risen to the level of 4700 dollars with Bitcoin exceeding 113 thousand dollars again...
Published: August 28, 2025 08:24Last Updated: August 28, 2025 08:31
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Cathie Wood is buying "Ether shares" at the dip.
ARK Invest, known for its investments in the technology sector, including cryptocurrency companies, has increased its stake in Bitmine, a company that has been acquiring billions of dollars in Ether since June.
Cathie Wood's company made headlines by aggressively starting Ether purchases from Bitmine, acquiring $175 million worth of shares during that period.
In the last 5 days, ARK Invest made a purchase of $15.6 million from Bitmine, which has dropped more than 11%. The shares were distributed among ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETFs (ARKF).
It had increased dozens of times.
A Bitcoin mining company that started making heavy Ether purchases at the end of June after Tom Lee took over, later saw a significant rise in its shares. At that time, the stock price of Bitmine, which was around 10 dollars, had risen above 160 dollars.
Bitmine, which closed yesterday's trading day with a 7% drop, is trading at around 46 dollars.
Ether has risen to the level of 4700 dollars with Bitcoin exceeding 113 thousand dollars again...
Published: August 28, 2025 08:24Last Updated: August 28, 2025 08:31