ARK Invest Doubles Down: Snags $18.6M Stake in BitMine’s Ether Strategy Amid Market Slump

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Coindesk

Release Time:

2025-07-29 11:20:43

ARK Invest Buys the Dip on Ether Strategy Firm BitMine With $18.6M Purchase

ARK Invest just placed a $18.6 million bet on crypto’s comeback—and Wall Street’s sweating.

### Buying When Others Flee

Cathie Wood’s fund snapped up shares in BitMine’s ether-focused strategy, turning Tuesday’s bloodbath into a bargain hunt. The move screams conviction—or reckless FOMO, depending which suit you ask.

### Ether’s Make-or-Break Moment

With ETH still 60% off its ATH, ARK’s wager hinges on a decentralized finance revival. Either they’ve spotted institutional demand brewing… or they’re bag-holding for the next cycle.

### The Real Tell

Watch where the ‘smart money’ goes next. If BlackRock follows, this dip-buy becomes a trend. If not? Just another hedge fund pretending to understand blockchain.

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