Cathie Wood’s ARK Invest has acquired over 4.4 million shares of Bitmine Immersion Technologies, an Ethereum treasury firm. This significant purchase is part of ARK’s strategic realignment in light of evolving digital asset regulations in the US.
In addition to the Bitmine shares, ARK sold approximately 218,986 shares of Coinbase, worth over 90 million USD, reflecting their ongoing portfolio restructuring. The firm will focus more on Ethereum investments with this new strategic direction.
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