Recently, ARK Invest has been aggressively increasing its investment in the strategic company BitMine Immersion with the code $ETH , which is a major hotspot!
What does this mean and how will it impact ETH and its future direction? ARK has spent over 35 million in just a few days, which clearly shows their confidence in BitMine.
This also indicates that ARK's leadership is very optimistic about the Ethereum ecosystem and wants to enrich their investments in this area.
Currently, BitMine holds over 625,000 ETH, which is more than its competitor SharpLink's 438,000, highlighting the fierce competition as everyone is eyeing the big cake that is Ethereum.
As Ethereum's technology continues to upgrade and more application scenarios emerge, investors believe its future value will soar.
ARK's continuous investment acts like a shot of adrenaline for the market, likely attracting more institutions to enter, and the price of ETH may rise as a result. After BitMine completed its private placement, its stock price dipped in the short term, but they expanded the board and brought in new members, showing great long-term development potential.
In my view, in the long term, as Ethereum 2.0 progresses and the decentralized finance field continues to expand, the demand for Ethereum will definitely only increase, and investors like ARK will pay more attention to and invest in Ethereum-related companies.
Although there are fluctuations in the market in the short term, the potential of Ethereum and its ecosystem is limitless, and it is indeed possible to help ETH return to its peak!
What do you think about this matter? Can ETH return to its peak in the future? Feel free to discuss in the comments! However, Brother Li is bullish in the long run. What about short-term layouts? You can come to me; let's plan ahead for ETH so everyone can seize this opportunity!