Ark Invest of Cathie Wood has just spent 15.6 million USD to purchase additional shares of BitMine Immersion through three ETF funds including ARKK, ARKW, and ARKF, despite the stock price falling sharply this week. Specifically, ARKK bought 227,569 shares, ARKW bought 70,991 shares, and ARKF added 40,553 shares.
On the session of August 27, BitMine stock (BMNR) fell 7.85% to 46.03 USD, extending its decline to 11.58% over 5 days, but still increasing by 534.9% since the beginning of the year. Meanwhile, Nasdaq rose 0.2% and Dow Jones increased by 0.3%.
BitMine – the company holding the Ethereum treasury – reported that the value of cryptocurrency and cash has reached 8.82 billion USD, including 1.71 million ETH worth approximately 7.9 billion USD. Previously, on August 12, BitMine filed with the SEC to expand its direct stock issuance program from 4.5 billion USD to 24.5 billion USD to acquire more ETH.
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Ark Invest buys $15.6 million worth of BitMine shares as the stock price plummets.
Ark Invest of Cathie Wood has just spent 15.6 million USD to purchase additional shares of BitMine Immersion through three ETF funds including ARKK, ARKW, and ARKF, despite the stock price falling sharply this week. Specifically, ARKK bought 227,569 shares, ARKW bought 70,991 shares, and ARKF added 40,553 shares.
On the session of August 27, BitMine stock (BMNR) fell 7.85% to 46.03 USD, extending its decline to 11.58% over 5 days, but still increasing by 534.9% since the beginning of the year. Meanwhile, Nasdaq rose 0.2% and Dow Jones increased by 0.3%.
BitMine – the company holding the Ethereum treasury – reported that the value of cryptocurrency and cash has reached 8.82 billion USD, including 1.71 million ETH worth approximately 7.9 billion USD. Previously, on August 12, BitMine filed with the SEC to expand its direct stock issuance program from 4.5 billion USD to 24.5 billion USD to acquire more ETH.