Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock
BitMine Immersion Technologies saw its stock sink nearly 8% this week, yet that didn’t stop Cathie Wood’s ARK Invest from pouring another $15.6 million into the company. Related Reading: A New Vision For Money: Hoskinson Predicts Bitcoin Will Hit $10 Trillion The latest move comes during a period of heightened volatility in both equities and crypto markets. ARK Expands Its Holdings According to ARK’s trading disclosures on August 27, the firm bought 339,113 BitMine shares spread across three ETFs. The ARK Innovation ETF acquired 227,569 shares valued at a little over $10 million, while the....
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Bitcoin’s rally and its doubters remain on a collision course as the market pauses after a run of record highs. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock According to CoinGecko, Bitcoin hit $124,050 on July 14 and was trading around $109,124 at the time of publication. The pullback has not stopped some voices from projecting far higher prices, but it has kept sceptics loud. Skepticism Will Likely Persist According to Luke Broyles, a commentator known as The Bitcoin Adviser, doubt about bitcoin’s upside will probably stick around even if....
Optimism is running high among supporters of XRP as Canary Capital CEO Steve McClurg claimed that the long-awaited XRP spot ETFs could see inflows of $5 billion in their first month. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock His comments, shared during a Friday interview, highlighted his belief that the funds would even outperform Ethereum ETFs, which have so far struggled to attract money from institutional investors. Ethereum ETFs Struggle While XRP Builds Optimism Bitcoin’s debut in the ETF market brought in $1.5 billion in net inflows in....
XRP has been facing a stretch of weakness in recent days, struggling to hold above the $3.00 mark and instead pushing downwards below it. Price action on the 4-hour chart shows the token moving within a downward structure, and it broke below $2.9 in the past 24 hours. It is within this context that crypto analyst DustyBC Crypto shared a bearish outlook, pointing out that XRP has not yet reached its first downside target and warning that more decline could still unfold before it enters any new uptrend. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock....
Japan’s Gumi Inc., known in the gaming sector, is moving deeper into crypto by planning a major purchase of XRP. The company said it will acquire 2.5 billion yen, or close to $17 million, worth of the token as part of its blockchain push. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock Accumulation Over Several Months According to a press release, the acquisition will not be a single purchase. Instead, Gumi will buy XRP gradually from September 2025 through February 2026. By spreading out its spending, the company appears to be aiming at lowering....
Ethereum’s price action has witnessed surprise bullish upside in the past months and has outperformed Bitcoin in recent weeks. Behind the scenes, the leading altcoin has also witnessed a buyer unlike any other this year, and that buyer is BitMine. The publicly traded firm has gone on an unprecedented spending spree, scooping up Ethereum at […]