ARK Invest increases its stake in BitMine as Ethereum recovers

ARK Invest fund of Cathie Wood has purchased an additional 242,347 shares of BitMine, the treasury management company of Ethereum, on November 13.

This transaction is carried out through ARK's ETF funds focused on innovation and the next generation of the Internet. This is a continuation of the fund's recent purchase of BitMine shares, aimed at strengthening its strategy focused on Ether.

BitMine continues to play the role of the leading Ethereum treasury company while developing immersive technologies in operations. This transaction comes after ARK Invest purchased 240,507 shares of BitMine last week.