#BinanceSquareTalks
ARK Invest has put $182 million into BitMine, a crypto company. Most of this money — about $177 million — will be used to buy Ethereum. BitMine wants to build a large Ethereum reserve and hold about 5% of its company value in ETH. This investment shows that ARK Invest believes in Ethereum’s future. It will also help BitMine move beyond just mining and focus more on DeFi (decentralized finance). With this deal, BitMine plans to grow stronger in the crypto world and become more connected to Ethereum’s long-term growth and success.
