ARK Invest Doubles Down on BitMine Investment, Adding Another $15.6 Million

Investment firm ARK Invest has significantly increased its stake in BitMine Immersion Technologies, purchasing an additional $15.6 million worth of shares across three funds. This latest investment brings their total holdings to over $300 million since July, solidifying ARK’s commitment to Ethereum-related investments. The strategic move reflects ARK’s bullish outlook on blockchain technology and its belief in companies like BitMine that hold significant amounts of Ethereum.