ARK Invest Boosts Stake in BitMine 💹

[johnblockbuster]

Cathie Wood’s ARK Invest has increased its exposure to Tom Lee’s Ether treasury firm BitMine, purchasing 48,454 shares worth ~$2M across its ARKK, ARKF, and ARKW ETFs.

BitMine shares jumped 7.65% to $40.23 after hours, marking a 415% gain since January. ARK has been steadily adding to BitMine since the firm started holding Ether as a treasury asset in April.

[alex10]

Interesting shift — ARK doubling down on mining despite market uncertainty. ️

[Nahid Hossen]

This could be a long-term play on BTC infrastructure rather than short-term gains. ️