BitMine Immersion Rises After ARK Invest Buys $182 Million in Ethereum Treasury Shares
BitMine Immersion shares increased by over 3% to approximately $40.77 following ARK Invest's $182 million purchase of its stock. The company's share price has surged 827% in the past month due to its Ethereum accumulation strategy. BitMine aims to acquire and stake 5% of all Ethereum, currently holding over $1 billion in the asset after a recent $500 million addition. ARK Invest acquired nearly three million shares for its ARK Innovation ETF and other funds while selling shares of Coinbase and Robinhood. Ethereum is trading around $3,725, having risen 45% in the past month. SharpLink Gaming increased its ETH holdings to over $1.3 billion, while Bit Digital announced a purchase of approximately 19,683 ETH, bringing its total to about 120,306 ETH.
