🚀 ARK INVEST "ALL-IN" WITH ETHEREUM – PURCHASED 4.4 MILLION BITMINE SHARES, SOLD SOME COINBASE!
🟢Cathie Wood is shifting strategy: ARK Invest has just purchased over 4.4 million shares of Bitmine Immersion Technologies – the Ethereum treasury company backed by Peter Thiel, with a plan to own and stake 5% of the total ETH supply!
🟢 Bitmine currently holds over 1 billion USD in ETH, adding 500 million USD just in the past month.
🟢 At the same time, ARK sold over 90 million USD in Coinbase shares after the price surged due to new US crypto regulations.
🟢 The strategy is clear: withdraw from exchanges, bet on the underlying asset (ETH).
➡️ What do you think? Is Ethereum becoming the new "digital gold" for large funds?