Ark Invest purchased BitMine shares again on Tuesday, worth approximately 15.3 million dollars

ChainCatcher news, Ark Invest, led by Cathie Wood, purchased an additional $15.3 million worth of shares in BitMine Immersion Technologies through three of its ETFs on Tuesday, following a $20 million purchase the previous day.

Last week, it also spent $182 million to acquire over 4.77 million shares of BitMine common stock. Meanwhile, Ark Invest's ARKF fund sold $1.47 million worth of Block Inc. shares.

BitMine's chairman Thomas Lee stated that the company's ETH holdings have surpassed $2 billion and are on track to achieve the goal of acquiring and staking 5% of the total ETH supply. Although BitMine's stock price fell by 8.86% on Tuesday, it has seen a cumulative increase of 650.29% over the past month.