ARK Invest buys $182M of BitMine shares; proceeds to fund Ethereum treasury strategy

BITMINE IMMERSION TECHNOLOGIES, INC.

ARK Invest acquired 4,773,444 BMNR shares for $182M via block trade under BitMine's ATM program.
Net proceeds of $177M to be used entirely to acquire ETH as part of BitMine's treasury strategy.
BitMine targets acquiring 5% of all ETH in circulation, supported by Cathie Wood, Founders Fund, Pantera, and others.
Tom Lee of Fundstrat, BitMine Chairman, highlighted ARK's past exponential investments in Tesla, Bitcoin, and Circle.
BitMine operates Bitcoin/Ethereum network company with mining in Trinidad, Pecos, and Silverton, Texas.

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