🚨 Why Is Cathie Wood Quietly Accumulating This Ethereum Treasury Stock?

📊 In a strategic series of moves, Cathie Wood’s ARK Invest has acquired over 1 million shares of Bitmine Technologies (BMNR) across three flagship ETFs:

📌 ARK Innovation ETF (ARKK)

📌 ARK Next Generation Internet ETF (ARKW)

📌 ARK Fintech Innovation ETF (ARKF)

🔍 Why the growing interest?

➡️ Here’s what’s happening behind the scenes:

• Bitmine is now the largest corporate holder of Ethereum (ETH) — just added 58,224 ETH ($225M), pushing its total to 625,000 ETH

• The company is also backed by tech billionaire Peter Thiel, who recently invested $500M

• Bitmine just launched a $1 billion stock buyback program, designed to increase its crypto-assets-per-share ratio

• Despite recent 23% stock correction, BMNR is up 600% since its first ETH purchase on June 30

• NAV currently sits at $22.76/share, supported by $2.7B in crypto assets and $401M in unencumbered cash

🗣 Bitmine CEO Tom Lee:

“In our road to achieving ‘the alchemy of 5%’ of ETH, there may be times when the best expected return of our capital is to acquire our own shares.”

📈 With institutional capital flowing in and Ethereum's bull momentum building, Bitmine is positioning itself as a treasury-backed proxy for $ETH exposure — and ARK appears to be taking full notice.

#ARKInvest #Ethereum #Bitmine #DigitalAssets #Blockchain

https://coingape.com/cathie-wood-accumulating-ethereum-treasury-stock/?utm_source=bnb&utm_medium=coingape