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ARK Invest Plows $182M Into BitMine – Ethereum Buying Spree Accelerates
ARK Invest Plows $182M Into BitMine – Ethereum Buying Spree Accelerates
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ARK Invest just turbocharged BitMine's Ethereum war chest with a $182 million injection. The crypto mining firm's aggressive accumulation strategy just got Wall Street steroids.
Why this matters:
- Institutional money keeps flowing into ETH despite regulators' best efforts
- Mining operations are doubling down ahead of Ethereum's next protocol upgrade
- Traditional finance still can't decide if crypto is dead or the next big thing – so they're hedging both ways
The move signals growing institutional confidence in Ethereum's long-term value proposition – or perhaps just another case of FOMO driving Wall Street's crypto plays. Either way, the ETH supply crunch just got real.
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