Cathie Wood's firm continues to boost its investment in BitMine, acquiring nearly half a million shares amid ongoing market fluctuations.
ARK Invest has increased its investment in BitMine Immersion Technologies by $15.3 million, acquiring 477,498 BMNR shares across its ETFs. This follows a previous purchase of 529,366 shares, bringing Ark's total investment in Bitmine to $182 million. Despite a recent decline in BMNR shares, Ark's continued investment reflects confidence in the company's strategy to stake a significant portion of the Ether supply.