Cathie Wood strongly supports, and Ark becomes the largest shareholder of BitMine.

Ark Invest, led by Cathie Wood, once again increased its stake by purchasing 1.03 million shares of BitMine Immersion (BMNR) yesterday, on 19/11(. Their total holdings have reached 9.12 million shares, making them the largest shareholder of BitMine, far exceeding Founders Fund's 5.09 million shares and Tom Lee's 450,000 shares.

BitMine's stock price faces correction, down 26% in the past month.

BitMine, an Ethereum reserve company, has recently faced headwinds as the Nasdaq Stock Exchange has requested that some token-holding companies obtain shareholder approval before issuing stocks to purchase cryptocurrencies. This has resulted in a comprehensive correction of the stock price for digital asset financial company )DAT(. Although BitMine has publicly rebutted, stating that BMNR is listed on the NYSE and that the company does not require additional shareholder approval due to the shelf registration pre-registration system, its stock price has still fallen by 26% in the past month.

BitMine launches the lunar landing project, investing in WLD reserve strategy company.

BitMine holds 2.06 million Ether, with a total asset value of 9.2 billion USD, making it the company with the largest Ether reserves. Recently, the company launched a moon landing plan, investing in the WLD reserve strategy company Eightco Holdings Inc. The purpose of the moon landing plan is to support bold ideas that can enhance the vast Ethereum ecosystem. BitMine aims to allocate approximately 1% of its assets for investment to strengthen the Ethereum ecosystem and create value for BitMine shareholders.

) BitMine investment WLD reserve strategy company Eightco, OCTO stock price increased 30 times in a single day (

Ark becomes the largest shareholder of BitMine, far surpassing Founders Fund and Tom Lee.

Ark has always been a supporter of BitMine and conducted a bulk transaction through a market price stock issuance program, purchasing approximately 4.77 million shares of BitMine stock through three funds, valued at $182 million, which translates to a cost of $38.13 per share. Ark's founder and CEO Cathie Wood has publicly stated multiple times that Ark's investment in BMNR demonstrates confidence in Peter Thiel's Founders Fund, believing they will be one of the winners.

Every time the BMNR price falls, we can also see Ark investing more at lower prices, showing their optimistic long-term outlook for BitMine. According to Bloomberg terminal data provided by @PrimeBullz, Ark invested again yesterday )9/11( by buying 1.03 million shares of BitMine Immersion )BMNR(, bringing their total holdings to 9.12 million shares, accounting for 5.25% of the total circulating shares, making them the largest shareholder of BitMine, far surpassing Founders Fund's 5.09 million shares and Tom Lee's 450,000 shares.

This article strongly supports Cathie Wood, with Ark becoming the largest shareholder of BitMine, first appearing in Chain News ABMedia.