Wu said that BitMine (NYSE: BMNR) announced a strategic investment of a total of $182 million from ARK Invest, with multiple funds under ARK collectively subscribing to 4,773,444 shares of BMNR common stock. BitMine stated that it will use the entire net financing of $177 million to purchase ETH to advance its long-term goal of "acquiring 5% ETH." This transaction was completed through block trades under the previously disclosed ATM program. Cathie Wood, the leader of ARK Invest, recently became a strategic investor in Circle.

ARK-2.53%
ETH-0.41%
ATM-7.52%
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