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ARK Invest Doubles Down: Snags $18.6M Stake in BitMine’s Ether Strategy Amid Market Slump
ARK Invest Doubles Down: Snags $18.6M Stake in BitMine’s Ether Strategy Amid Market Slump
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ARK Invest just placed a $18.6 million bet on crypto’s comeback—and Wall Street’s sweating.
### Buying When Others Flee
Cathie Wood’s fund snapped up shares in BitMine’s ether-focused strategy, turning Tuesday’s bloodbath into a bargain hunt. The move screams conviction—or reckless FOMO, depending which suit you ask.
### Ether’s Make-or-Break Moment
With ETH still 60% off its ATH, ARK’s wager hinges on a decentralized finance revival. Either they’ve spotted institutional demand brewing… or they’re bag-holding for the next cycle.
### The Real Tell
Watch where the ‘smart money’ goes next. If BlackRock follows, this dip-buy becomes a trend. If not? Just another hedge fund pretending to understand blockchain.
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