ARK Invest dey raise dem BitMine stakes as ETH treasury pass 2M

Cathie Wood ARK Invest buy for 441,063 extra BitMine shares wey worth about $20M inside ARK Innovation, Next Generation Internet and Fintech ETFs for August, make total ETF holdings reach 6.7M shares wey value $284M. This one come as BitMine Ethereum treasury pass 2 million ETH (≈$8.9B), make them be the largest corporate ETH holder for world and e show 1.7% of total supply. BitMine stock don rally more than 400% this year and e dey trade at $44.10 after e gain 4.1% for after-hours. The company don file to expand wetin dem dey call at-the-market equity offering from $2B to $24.5B to fit fund more ETH buy. Analysts talk say Ethereum fit reach $5,500 soon and $12,000 by year-end, plus investors like Peter Thiel and Tom Lee believe say Fed rate cuts go boost crypto markets.