Ark Invest Bets Big on BitMine: Strategic Ethereum Treasury Investment

Investment giant Ark Invest has made a strategic move by acquiring $15.6 million worth of BitMine stock, aligning with their larger Ethereum treasury strategy. This action comes amidst a market dip for BitMine despite the investment by Cathie Wood’s company. This purchase reflects the growing interest in Ethereum from institutional investors and showcases its potential as a key asset for corporations.