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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 BlockBeats news on July 22, reported by PR Newswire, BitMine announced today that ARK Invest has acquired 4,773,444 shares of BitMine common stock BMNR, with a total value of 182 million dollars. BitMine plans to use all net proceeds (approximately 177 million dollars) to purchase Ether (ETH).