Ark Invest Buys More Shares in ETH Treasury Firm BMNR
Cathie Wood’s Ark Invest adds 101,950 more BMNR shares, doubling down on the ETH-focused firm.
- Ark Invest buys 101,950 BMNR shares on September 8.
- BMNR is a key Ethereum treasury firm backed by Tom Lee.
- This move shows rising institutional interest in ETH exposure.
Cathie Wood’s Ark Invest has once again expanded its crypto-related portfolio by purchasing an additional 101,950 shares of BMNR, the Ethereum treasury company spearheaded by Fundstrat’s Tom Lee. The buy took place on September 8, highlighting Ark’s continued belief in the long-term value of Ethereum and ETH-related enterprises.
BMNR, short for Bitcoin & Ether Reserves, operates as a public vehicle designed to hold Ethereum on its balance sheet — functioning similarly to how MicroStrategy holds Bitcoin. The firm has attracted significant attention for offering traditional investors a regulated gateway to ETH exposure without directly purchasing the asset.
This isn’t Ark Invest’s first purchase of BMNR. The investment firm has been gradually accumulating shares over the past few months, clearly viewing Ethereum as a critical piece of the future financial landscape.
Ethereum Exposure Gains Institutional Momentum
With Ethereum now being seen as more than just a cryptocurrency — a platform for DeFi, NFTs, and Web3 innovation — institutional investors are increasingly exploring secure and compliant ways to gain exposure. BMNR provides just that.
Tom Lee, a long-time crypto bull, designed BMNR to bridge the gap between traditional finance and the decentralized world of Ethereum. As of now, BMNR’s ETH holdings are growing steadily, making it one of the few publicly traded companies with a strong ETH treasury strategy.
Ark’s latest move is not only a show of confidence in BMNR but also in Ethereum’s broader ecosystem. As regulatory clarity improves and ETH gains acceptance in the financial mainstream, firms like BMNR may become key vehicles for capital allocation.
Ark Invest Eyes Long-Term Crypto Adoption
Cathie Wood has been vocal about her bullish stance on digital assets, particularly Bitcoin and Ethereum. This latest BMNR acquisition aligns with her thesis that cryptocurrencies will reshape traditional finance and that Ethereum’s utility gives it a major edge.
By accumulating BMNR shares, Ark is effectively backing Ethereum without holding ETH directly, a strategic move that appeals to institutions still cautious about direct crypto custody.
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