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ARK Invest's acquisition of $182 million in BMNR common stock supports the advancement of the Ethereum treasury strategy.
According to a BlockBeats report on July 22, PR Newswire reported that BitMine announced today that ARK Invest has acquired 4,773,444 shares of BitMine common stock BMNR, worth a total of $182 million. BitMine plans to use all net proceeds (approximately $177 million) to purchase Ether (ETH).