Cathie Wood's ARK Invest Increases Stake in Cryptocurrency Mining Company Specializing in Ethereum
ARK Invest, led by Cathie Wood, has significantly bolstered its holdings in BitMine, an Ethereum treasury firm, by acquiring an additional 242,347 shares, signaling a robust confidence in Ethereum's underlying technology and its potential in reshaping digital finance. This strategic expansion, executed across ARK’s innovation-focused ETFs, underscores a broader institutional shift towards viewing cryptocurrency as a mature investment class, particularly with Ethereum's recent advancements in sustainability and efficiency.
Ivy Tran