Ark Invest Invests $4.46M in BitMine, Selling Robinhood Amidst Ethereum Market Shift

ARK Invest has made a significant move in the cryptocurrency market. The investment firm, known for its focus on blockchain innovation, recently purchased approximately $4.46 million worth of BitMine Immersion Technologies shares across their ETFs. This acquisition comes after they sold off a substantial portion of their Robinhood holdings. 5% of Ethereum’s circulating supply is now directly in the hands of BitMine – signaling the company’s aggressive strategy for securing this cryptocurrency as part of its Ethereum treasury strategy.